RE: RE: RE: HOU is buy todayAgree. I too sold HOD this morning for about an 8% profit. No sooner did I do that I jumped into HOU at $8.38.
Resistance on the down side will first be the Bollinger band at around $68.75 for oil and if we break through that the 45 day moving average being the next resistance at $68.13. On the up side I’m out anywhere around $71.71 for oil until I get another signal on its direction.
From an HOU perspective the bottom Bollinger is at $8.41 so it should be bouncing off of that…. which it has. Once again on the up side resistance is set at $9.17…. you know now my exit point on HOU until once again I get some direction.
PS: Just letting you know of my thinking and nothing else.
Are we having fun yet?
GC