Wednesday, January 11, 2012

Took Profits on our Oil Sector Holdings on Tuesday

Volatility has been trending down recently. Moreover, correlations have also been lessening. This helps our indicators function better.

I took profits in our oil sector holding Tuesday morning based on the following analysis. We were holding  xle, cog, cvx, xom and glng.This proved to be very timely as prices dropped dramtically on Wednesday.

My sell decision was based on two great indicators:

Bollinger Bands
Effective Volume

(Click on chart for easier viewing)



Sell signal on Tuesday morning


This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.






No comments:

Post a Comment