We also entered/added to XOM short a few days ago at the top, I think it too will bounce, I'd like to add more if I have room on any strength, once again this is a position I'd feel comfortable as a new position adding maybe 1/3 of the intended size as it is a strong bounce candidate, on price strength, 3C weakness I'd add the rest of the position. Longer term charts suggest XOM has significant downside.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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