The Trend is Your Friend
Yesterday, I noticed that OIL, XOP, KOL, XME, IGE, VDE, XES, GSG, FSLR, XLE and DBC when down. Mostly Energy related. It kind of makes you wonder if the pull back in the price of Oil, Metals and other Commodities is going to continue. It has today. We will see if it continues enough to become a longer term trend.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.