Thursday, April 12, 2012

USO Follow Up

I'm trying to stay nimble here and a 30% gain is good enough for me for the time being.

 USO is near some local resistance in the area...

 The 1 min chart doesn't look horrible, but as they say, "Bulls make money, bears make money, pigs get slaughtered".

 The 2 min chart is a bit negative, not REALLY alarming, but with some uncertainty in NY and resistance here, I wanted to lock in that 30% gain.

Longer term on the 15 min chart, it looks like a pullback may be worth buying.


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