If we are to go off the RSI then you could argue that a pull back next day or so could occur on USO before rallying up. https://activepennystocks1.blogspot.com just allerted a new stock - it beats having to dig online yourself for new stock ideas.
buy COFFEE and SUGAR they are at 10 year low
Hope Iran is out because we need oil back to $75 to$80
As if that's not bad enough, there's another surprise to go along with an ETF like USO. A recent article by Investor's Business Daily paints the picture well. A gentleman bought 2,100 shares of USO in 2008 and 2009 for roughly $84,000 and then sold the position in March 2010 at loss of $1 per share. He then got a K-1 form that showed he owed almost $29,000 in capital gains for 2009 even though he didn't sell any of his position that year. Shareholders in an ETF like USO have to pay tax on USO's income even if they DO NOT receive cash distributions. Making matters worse, USO says in its prospectus that it probably won't pay cash distributions to investors. https://seekingalpha.com/article/236807-avoid-nasty-tax-surprises-with-commodities-etfs
Avoid Nasty Tax Surprises With Commodities ETFs
It's getting to be that time of year again. The leaves are changing (depending on what part of the country you live in), the days are getting shorter and the fo
If Iran is no longer allowed to export oil, what is going to happen to oil price?
I had USO a while ago and it's still doing relatively #$%$. XLE is the way to go, it had gains when all other oil ETFs were getting screwed. don't waste your time with this garbage.
Do you think this thing is done selling? Showing us a buy signal now on USO? I started receiving notifications from awesom*sto-cks the other week and so far they have presented interesting new trade ideas.
So is the USO
Things seem to be getting overextended for USO. awe.som*sto-cks just allerted a new stock - it beats having to dig online yourself for new stock ideas.
you people are absolutely 100% suckers there is no relationship whatsoever between the actual price of oil and this fund WTI has everything to do with Saudis #$%$
I think USO is due for a pullback. What are your thoughts? google awesome*sto-cks - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
I think USO is due for a pullback. What are your thoughts? Do you guys find it difficult to know when to buy or sell something? I prefer to get my stocks from Awe-Some.Sto-ck.s.