Wednesday, December 10, 2014

Oil: Oh Hell (XLE; ERY; CATS)

After staying short for weeks we came out with a couple posts Monday:
Chartology: Best Guess, The S&P Energy Sector ETF Is Within Pennies of Testing The October Panic Low (XLE; ERY)
and Tuesday
An Upside Reversal in the Energy Stocks (XLE; ERY)

The thesis was right for approximately four hours.
Today oil has given up yesterday's gains and is down $2.45 at $61.37.
The Energy Select Sector SPDR ETF (XLE) is down $2.28 at $75.59.

We shall now rebrand as the internet's #1 venue for cat videos.


AAAAHHHHHH. The freakin' Wall Street Journal has already made the pivot!!!!!!

Business news is so last century.
They've got stipple hedcuts:
And videos.
WSJ cat vids!?

One of These Cat Videos Will Be Named Best of the Year

...continued

More to come.
On oil, not cats.