zhybrids

Oil Looks Toppy: Ultrashort Oil and Gas Looks Good

Also, If oil does continue to rise, its easy for dug to go up...What happened on May 21,2008, was Oil rose over $4 bucks a barrel to around $134/ barrel and DUG Closed Up almost 3% for the day.
Why? The bear rally is over. We are selling off as I suggested would happen. Yesterday I said financials first, then techs, last commodities.
Oil is going up rapidly and now scaring all players including oil longs
Markets move on perception. That is why financials and retailers did well the past month, with no facts, just perception that things will get better soon. The perception on oil going up so quickly is that this will take down not only the U.S. but all economies remember it's perception.
“We live globally, we die globally.”
The market should continue it's decline if oil continues it's rapid climb. At some point down the road, the bubble will burst. I think this bubble will pop sooner than later and Dug would be a great trade to take advantage of a correction. High oil is a double edged sword if you get my drift.

Dug shareholders objective, we are not looking for a decline in oil, we are looking for a decline in oil and gas stocks.

Also note, as the markets crash lower on higher and higher oil prices money will flow out of consumer cyclicals including financials, tech, and retail; which will lead to a fall in the ^DJUSEN Dow Jones US Energy Index as money will be taken out of winning trades to make up for losses in other sectors.

Once again leading to a drop in the energy stocks.