Stock Market Commentary by full-time trader and best selling author Bob Kudla AKA "BobLovesHawaii"
Hello BLH,Thank you for your hard work! Couple questions:1) You show that oil could have farther to retrace, wouldn't that retracement affect your XCO outlook?2) I am not overly familiar with the Blees rating. I understand its concept. From your expertice, does it concern you that there are many of your red arrows in such a short time frame after relatively few the past few years?Thanks
Thanks, oil and natural gas are two different animals in my view. XCO is mostly NG. The Blees rating is a indicator that shows how bullish the dominant players are. They move the market, and at 90 to 100 it is usually a safe bet to go long. Wait for a higher high first though, this market is nuts right now.