Why did I buy Oil today? If stocks are going to rip higher you better believe these commodities that have gotten crushed will come back as well. Oil is overdue for a bounce and most of the Oil related stocks took off and the end of the day today. I bought the USO at $52 and I see it is running up afterhours over $53.
Yes, I am bullish on Oil once again!
Showing posts with label USO. Show all posts
Showing posts with label USO. Show all posts
Tuesday, October 28, 2008
Friday, July 25, 2008
USO Oil - United States Oil Fund - Technical Analysis
I have updated my USO Technical Analysis Stock Chart.
Oil has been crushed over the past two weeks as well as natural gas....Oil has hit a key support level of around $124 and I think you could see it atleast stall here if not move higher. Another major support level is $120 for the price of Oil.....this would be around $98 for the USO.
If these support levels are broken....look out below!
I have also updated my Jamer River Coal Chart ( JRCC ) & Ivanhoe Energy Chart ( IVAN )
Oil has been crushed over the past two weeks as well as natural gas....Oil has hit a key support level of around $124 and I think you could see it atleast stall here if not move higher. Another major support level is $120 for the price of Oil.....this would be around $98 for the USO.
If these support levels are broken....look out below!
I have also updated my Jamer River Coal Chart ( JRCC ) & Ivanhoe Energy Chart ( IVAN )
Wednesday, June 18, 2008
CNBC Fast Money Recap 6-18-08 USO
Top 2008 Stock Gainers click here
Fast Money Stock Picks to Watch 6/18/08
Jeff Mackie: Opinions
HMO Stocks: Don't fight the tape...UNH
Railroad Stocks: Floods are going away soon...buy the rails because of coal shipments
USO: Buy it, set a stop at $100
Pete Najarian: Opinions
Morgan Stanley MS: Bought the Financials today....
Regional Financial RF: Options Activity says more downside
Burlington Northern BNI: Great opportunity to buy this and the rail stocks...the flooding will go away
MYGN: Keep an eye on this....they continue to buy the july calls
Coal EFT KOL: I don't think this coal story is over....I think it can go higher
Guy Adami: Opinions
Morgan Stanley MS: Look for another 10-15% upside....it bottomed. Stop $37.50
Fed Ex FDX: You could easily see this go to $87-88 in the short term
XTO Energy XTO: I still think it goes higher
Deere DE: I think this stock can go a lot higher
Agrium AG: Given fertilizer prices I think this stock can go higher
Joe Terranova: Opinions
XLF: I bought this today.....I think you can start to buy financials
Oil: Friday is options expiration...look for it to go to $140
Recap of 6/17/08 Fast Money Click Here
Fast Money Stock Picks to Watch 6/18/08
Jeff Mackie: Opinions
HMO Stocks: Don't fight the tape...UNH
Railroad Stocks: Floods are going away soon...buy the rails because of coal shipments
USO: Buy it, set a stop at $100
Pete Najarian: Opinions
Morgan Stanley MS: Bought the Financials today....
Regional Financial RF: Options Activity says more downside
Burlington Northern BNI: Great opportunity to buy this and the rail stocks...the flooding will go away
MYGN: Keep an eye on this....they continue to buy the july calls
Coal EFT KOL: I don't think this coal story is over....I think it can go higher
Guy Adami: Opinions
Morgan Stanley MS: Look for another 10-15% upside....it bottomed. Stop $37.50
Fed Ex FDX: You could easily see this go to $87-88 in the short term
XTO Energy XTO: I still think it goes higher
Deere DE: I think this stock can go a lot higher
Agrium AG: Given fertilizer prices I think this stock can go higher
Joe Terranova: Opinions
XLF: I bought this today.....I think you can start to buy financials
Oil: Friday is options expiration...look for it to go to $140
Recap of 6/17/08 Fast Money Click Here
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