A look at Crude and an Energy Name
Are You Feelin' Lucky?
In my weekly post for ES/SPX/SPY we discussed some of the context around current financial conditions. Be sure that you read that commentary HERE.
I had posted to twitter that selling below the YTD developing VAL (dVAL) was probably a bad idea. Sellers on 12/12 ignored this and find themselves underwater.
Even if crude isn’t a long from here, it certainly isn’t wise to short the hole. That also put crude just below a 3 year VPOC. Anything you find interesting about this 3 year profile?