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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: John Pitera who wrote (24957)12/15/2016 4:53:40 PM
From: rogermci®  Read Replies (1) of 41015
 
Hi John. Agree with your analysis on oil.. Difficult for me to make a long term secular bull case for crude. Seasonality forces will kick in late January/February. One might make an argument for a 60 handle this spring, but I think that would mark the top of a trading range that might last for a while.

My favorite stock that I feel acts as a proxy for crude is CLR. It has a good record of telegraphing change of direction. The price has quadrupled from it's February low and me thinks it's due for a breather.

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