03-21-2022, 04:18 PM
(03-21-2022, 02:42 PM)fenders53 Wrote: Slow day. Need more red soon. Loaded up on oil put sells on the dip which has been working every week for a long while now. Looking to add some retail if they pull back another day or two.
Load up on banks, insurers and brokers in this weakness.
Retail I will add to DKS only
Oil I’m staying out of. You missed the boat if your buying now your asking for trouble. I own DVN, EOG, CVX, VLO, XOM, and OXY. But I’m not adding here. In fact I will be trimming. Everyone is pounding the table and that’s usually a top. Don’t get my wrong they are undervalued here. But oil will most likely go back to $80-85 a barrel. And oil will trade off of that. There is no way it goes to to $140 like predicted. They won’t allow it. If that’s the case we’re all in trouble lol
Retail will slow due the economy slowing, higher interest and higher pump prices. I think they go lower.