West If Your Long and East If Your Short

I posted recently that unless Gustav makes a direct hit(bulls eye) on the Gulf rigs, that the oil and gas stocks would be awesome shorts. I had no idea they would start hammering them today though. DVN, APA,XTO and the oils, started getting creamed and are currently only slightly off their lows. If the storm heads east it will miss the rigs, if it stays west it could cause some big problems. It is still a few days away so anything can happen.

Previous Post
Trading Idea
Next Post
Hey, Maybe I’m Wrong

Recent Articles

Free Content from Upsidetrader

Four Red Days. Triple-digit crude. A 10-year That Tagged Nearly 5%, Yet a Friday Bounce

Free Content from Upsidetrader

Oil Jumped, Yields Followed, Stocks Held Together — CPI Decides the Next Move

Free Content from Upsidetrader

Markets Mixed After Oil Spike and Hot Jobs Report — CPI Next