RE: This is hard to watchI tried HOD at 34.51 with WTI at about 42.60 I guess - anyways at around 1:45 pm EST. Seemed to be working nicely, then the short-cover or whatever at 2:30 took back all my gains so I bailed breakeven.
HOD turned out to be the wrong side of the trade today for reasons unclear, other than the long-expected technical rally on nothing.
Should a person jump on the bandwagon with HOU?
Not me - I won't join the bulIs or fight the tape either; Rich Olney says the next pivot point today is $44.21 or HOD at roughly $31.50 if it happened today but of course it won't because the NYMEX is closed.
WTI close to $43 now.