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Energy Index on a Wild Ride
By:
Trade for Cash
Monday, July 21, 2008 4:20 AM
Sectors:
Oils/Energy
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The Energy Sector Bullish Percent Index has been on a wild roller coaster ride this month. Oil has sold off over the past few days, and the BPI is back down below 20. Things could get interesting again this week, however, as the tropics are starting to get more active. Any disruption to oil and gas activities in the Gulf of Mexico will most likely send crude back upward. How that affects the overall market, we'll have to wait and see.
The market had a flat day on Friday, but the Trade 4 Cash system picked up 5 percent on the day. The system bought HEV at the open, then later sold it for a 10 percent profit, as the stock hit its profit target. In addition to the HEV sale, there are three new trade signals for Monday. Trade 4 Cash has gained 7 percent over the past week, as is looking to extend its 3 day winning streak. Have a great Monday!
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