The oil chart has washed out many latecomers to the party. Many are watching and waiting for a mega volume washout which I suspect will never come. It will turn very quietly, covertly without many on board. USO (chart above) is one of my favourites as it is very liquid. A move up thru $95, which would take out a couple of prior reaction highs on the USO will compel me to get long an initial unit.
The spiders energy ticker XLE (chart above) shows a correction that looks to be completing. A move thru the $74 level will force me to get long and I will do it via my preferred trading vehicle DIG, shown below.
The Ultra proshares oil and gas ticker DIG (chart above) is my preferred "high octane" vehicle to play the energy sector.
Good speculating to you all and never ever forget that "an investor is a speculator who made a mistake and will not admit it".
Long 2 units of Powershare Agriculture ticker DBA @ $35.35 stop $34.79
Long 2 units of XTO Energy ticker XTO @ $45.40 stop at $44.48
Long 1 unit Currencyshare SwissFranc ticker FXF @ $92.70 stop at $90.68
Short 1 unit Int'l Bus Machines ticker IBM @ $129.05 stop at $128.56
Short 3 units FedEx ticker FDX @ $87.10 stop at $88.16
Short 2 units of Apple ticker AAPL @ $178.05 stop at $182.76
Short 1 unit Blackrock ticker BLK @ $218.50 stop at $218.126