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Alex Filonov
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I was born in 1956 in USSR. After graduation from college in 1979 I worked full-time as an IT specialist. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in... More
My blog:
Muddling Investor
  • Oil: Pattern Changed 0 comments
    Jun 14, 2013 12:15 PM | about stocks: USO, DTO, SCO

    Oil (both WTI and Brent) had a set pattern last couple of weeks. Was going down overnight and then up after US markets open. Today pattern was reversed: oil up overnight and going down since 10 AM EST.

    I traded this pattern several time. Today it was a loss. Well, let's wait for another pattern to emerge.

    Possible tools to play if you don't have futures account (I qualify but prefer to trade on the safer side with ETFs):

    USO (long WTI ETF)

    DTO (double short ETN)

    SCO (double short ETF).

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in DTO over the next 72 hours.

    Additional disclosure: Positions can change any time.

    Themes: Oil, Energy Stocks: USO, DTO, SCO
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