We’re moving down to a 30% Long exposure to the Oil and related names @ 4 P.M. EST.

This includes..OXY,XLE,USO,OIL Futures as well as our Long Canadian Dollar position.

Although this is a capital flow which I believe will play out into the end of the month, I’d feel pretty foolish if we didn’t book some profits and the markets trade Risk Off.

In other words I’d rather have some ammo to buy a pullback, which could be 3 bucks from here in the Oil. This is when every Investor or Trader has to decide what’s right for them

All in, partially in or all out?