Crude oil is acting picture-perfect. As I specifically mentioned Monday, I believed it might rally to the underbelly of its trendline, and this morning, with yet another goofy rumor from Russia, crude oil soared……….PERFECTLY touching its trendline, right to the pixel. Huzzah!
So I am VERY enthusiastic about shorting energy stocks at present levels (and, as a bonus, Gartman turned bullish on oil yesterday, God bless him).
