Post by
Cobalt on Aug 05, 2022 9:43am
Nice price action
Oil down , energy index up , always a fan when stocks go up on "bad news" can be a bottom call we shall see.
Comment by
BayStreetWolfTO on Aug 05, 2022 9:45am
In my mind when we started hearing $380 calls for oil you knew the bulls were generating too much noise. I think the last couple days the bears have been generating too much noise... Somewhere we find equilibrium.
Comment by
BayStreetWolfTO on Aug 05, 2022 9:48am
When the media world, bullboards, twitter feeds need to be filled to push a narrative hard....you get the sense all the works means something is wrong. If things are going in that direction you shouldn't have to push that hard to try and "make" it come true. But we will see where things land. Could be up or down from $88 oil
Comment by
TheWokeLemming on Aug 05, 2022 10:01am
Another rotation back out of tech? Seems the best cure for oil shares is increasing interest rates. My opinion only.
Comment by
Cobalt on Aug 05, 2022 10:05am
Well i added to the sector if you have conviction cant let that price action and major sell off go by , cheers