Monday, September 26, 2011
Trade: +2000 APA @ $83.78; +2000 XOM @ $70.46
I felt like I had to get some long exposure to stocks for really no other reason than UST yields are so damn low. I chose the energy sector as coming off oversold levels seemed attractive and this is how I chose to put the risk on. However, if the market gets it's mood on I can take these off with a quickness.
The TA for these seemed solid on my analysis and I believe the fundamentals are behind the energy sector more than any other sector I looked at.
Posted by Admin at 11:18 AM