Friday, May 9, 2014

Why You Need to Cash Out of the Oil Sector Now

It's time to take profits on the oil sector.
 
 
We said lagging oil stocks – that started out the year in bad shape – playing catch-up would keep the oil sector moving higher in the near term.
 
The NYSE Oil Index (the "XOI") is up 6% since our essay. That's a terrific move in one month. But now it's time to cash out...
 
The oil sector has had a great run. But as you can see from the chart of the XOI below, the sector looks due for a break.  (more)
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