energy is way OVER sold!!
SU and oil plays are free money here.....
SU> UUU now
looking at UUU daily
i think the stock is screaming a buy
mid day jumps on tuesday 2x 3% jumps, and today 3x 3-4% jumps
the upward moves are aggressive upward and the selloffs are sloped slowly down...
daily looks like an inverted head and shoulders
we also have gaps
and oil is in a MASSIVEE selloff
im selling contracts to buy at 2.5
and will buy myself at 2.55
Nice day for oils today (I think they are lurking)
CNQ's at $31
I like how it toyed with it's $30 level (just for the upcoming OEX ?)
But Suncor's ALSO got a $30.....which it's currently trading well BELOW
Generally NOT a good sign......Hmmmmm,
Might wanna set at least a (mental) stop-buy at 30.30 ?