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chunkyhounddog
Dec 7, 2016 3:07 AM

Thinking XOP pulls back soon Short

SPDR S&P Oil & Gas Explor & ProductArca

Description

SPX and R2K are stretched, and oil has ripped. Buying DRIP tomorrow
Comments
AlBorland
I believe you are a little premature on the pullback. In my mind, you should not see a real pullback until data starts coming in from OPEC and non-OPEC agreement after Jan and IF (and that's a big IF) that data shows material adjustments to production the rally continues or if not a large pullback in the commodity.
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