Just about the only sector I've been touting as bullishly-oriented has been energy, and I'm pleased to see this is panning out. A lot of battered stocks I've mentioned (KEG, SM, etc.) have been rallying, and USO is up over 3% as I'm typing this.
My hunch is that nailing the 50% retracement (circled below) is almost a given, but don't be surprised to see selling at that point.
