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The Bear

Stock Market Play Linked to Oil

By The Bear, in Futures

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The Bear    10

The Bear
Posted

Cooter, Walter and friends, what are you thoughts on:

 

MRO (NYSE)

HES (NYSE)

 

I'm thinking of going long these oil co. but wan't prices to pull back more. Thinking this could be a good position trade. Haven't done that much trading in the stock market but want to try and do some small slow overnight trades risking very little dollars to get a feel.

 

Any recommendations on high quality stocks that relate to oil, that I can watch from now on, at the end of the day, let me know.

 

I'm also bullish on GSF, RIG, SII....but I want to see these pick up speed on the daily, then wait for a pullback hopefully.

 

FORGOT TO SAY...LOOK AT THESE ON THE DAILY & WEEKLY CHARTS

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