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Monday, December 29, 2014 1:11:52 PM
Oil prices continue to decline... Where is the bottom? $50 $40 $30?? How low will they push it???
I was stopped out of NADL and UWTI today. As much as I like these two plays for when oil prices begin to move back up, I have to once again stay on the sidelines with oil/gas stocks until we get a better bottom confirmation with oil prices.
added to my TVIX position today. It's only a short matter of time before markets begin to sell off again with oil prices continuing to fall.
TVIX light volume indication of "the calm before the storm"?
Rough seas ahead in 2015!!
JMHO
I was stopped out of NADL and UWTI today. As much as I like these two plays for when oil prices begin to move back up, I have to once again stay on the sidelines with oil/gas stocks until we get a better bottom confirmation with oil prices.
added to my TVIX position today. It's only a short matter of time before markets begin to sell off again with oil prices continuing to fall.
TVIX light volume indication of "the calm before the storm"?
Rough seas ahead in 2015!!
JMHO
Trade with focus and then you'll see everything move in slowly!!
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