Tech Bounce And Expensive Oil
Summary
- Is ICLN "out of the woods"?
- A bounce in Tech.
- Overbought Oil and stretched XLE.
Questions discussed in this 09.03.2021 update:
- Is the correction in green/clean energy over?
- Is Tech ready for a bounce?
- Energy/Oil overbought and at resistance level
PS: Comments are not recommendations For more information about this way of thinking, read “Paleo Trading: How to trade like a Hunter-Gatherer” available on Amazon.
All charts are from the Infront Professional Terminal, and the video was recorded outside of Oslo, Norway.
Analyst's Disclosure: I am/we are short CVX.
The Paleo Fund bought some out-of-the-money put options in CVX and COP today, and currently holds some calls in ASML. These are relatively small trading positions, and may change on short notice.
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