As what we have said so much in the past few days, we already told all to get away from crude oil and energy sector stocks. This week, if you think that oil has rebounded as it goes back up to $93, you need to think otherwise. Like what we said, any upwards movement now in oil and energy related stocks are opportunities to short.
Our article a few days ago:
The article by Wallstreet today:
Do not play against the trend now, but with it.
Do take note that energy stocks now is still in a bullish mode, when energy stocks really start to turn bearish, oil price will continue its downwards movement.