The market looks to be recovery today and the most interesting stocks to me were oil companies ( NYSE:XOM , NYSE:MRO, NYSE:COP ) which all exhibited morning open volatility spikes. The one I liked the most because it was at at 50% Retracement (see high timeframe below) is XOM so it fits my criteria for a long trade.
I'll be looking for a retest of the last major highs.
This is also an addon positions to a winner from the beginning of 2021 (see Related Idea).
Oil has always confused the heck out of me especially the futures, they don't make any sense!
norok
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@GiveMeSkinny4Sho, As I said to another person on my Discord the other day... Abandon the notion that the market should make sense. Just follow price action. That is what the market is telling you.