Looks like the whole market is correcting. The dow 50 dma dropped below the 200 dma on August 11th. But that being said there is a buying opportunity but it just isn't now.
I am concerned with the spread between Canadian crude and WTI. Granted they are not the same in quality but a $20 spread makes the #$%$ crude attractive. But you have to be able to run it.
Me too. The price was about 76 when the 200 mda dropped below the 50 mda and has stayed there. There appears to be a wedge forming so we are getting closer to the bottom.
You just have to have selective hearing and view it as entertainment. There are some good ideas but you have to evaluate screen out all the other junk.
As one of my old bosses used to say all the time: It is a win-win! Do good you are rewarded due bad and you are rewarded. But maybe a Win-Win-Win. Get fired and you get rewarded.
Looks like the time to sell was Oct 23, 2014 for just under 70 and then the time to buy has yet to occur.