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OIH chart of the day

AMEX:OIH   VanEck Oil Services ETF
2
Let’s point that April 5-August 8 of this year under support and broke into the upside and in the middle about the support. Do I think oillers are back? I am on the fence about oil. I don’t like to be in the sector of this part of energy and I will argue why; Think about it in two way one the market vs the street pricing. From the east coast which it is cheap to the west coast is expensive for drivers. “Vegas is in the $2.43-$2.45 range but who wants to drive in vegas besides the residence of the city?” I think that the cold weather months has a effect on the oilers. Diamond Offshore Drilling $DO has gone from $26 to $16.12 that is today’s price for the stock. I’m not a buyer for any liquid i.e. “OIL” I think that We should look at different sectors such as Financial, Healthcare industry and many more besides oilers I’m not telling you to completely avoid the Energy sector only the oil and gas
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