Wednesday, May 03, 2017

Wait And See On Energy Shorts

Come ON……..

By -

Back on February 7th, I touted going bearish on energy stocks. Since ERY is up nearly 30% since then, it wasn’t at all a bad idea. Oil has been a delight, falling almost every single day for the past half-month, but I’m leering at it now, wanting it to shatter this damned support around $47.50 and really get things rocking……..
0503-oil
ERY has completed a cup with handle pattern, but again, unless oil can really shatter the floor, I’ll just be drumming my fingers impatiently.
0503-ery

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