[+ Font] :: [- Font] :: Printable

This past week in energy

By Jack Chan at www.simplyprofits.org
November 12thth, 2008

OIH - on buy signal.

XLE – on buy signal.

XEG.TO – on buy signal.

USO – on sell signal.

Summary

All ETFs except USO are on buy signals. This in itself is a positive divergence as oil prices are making lower lows while stocks are holding support from recent lows.

Disclosure

We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.

November 12th, 2008
Jack Chan
website: www.simplyprofits.org