Oil is up and futures are slightly lower. Fridays are usually bullish for oil but we are in strange times so we will just have to see how it plays today. Looking at a potential DUG long and an XOM short soon. I mentioned a few posts ago that I was getting ready for a short of retail.I am now short RTH(retail holders) around $96. I will stay short for a while on this one. I still believe the consumer is fried.
The solars were toast yesterday and STP couldn’t run on a good number. SOLF down $5 on a Goldman downgrade. They probably need to back and fill,but if oil rolls over they do have huge room on the downside.