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January 01, 2009

USO bottom ! Sell DTO on strength. Buy DXO on weakness.

USO is finally managing a decent bounce as i was expecting :

http://etfstocks.typepad.com/markets/2008/12/uso-beginning-of-a-bottom-in-oil-or-the-end-of-the-fall-.html

One positive sign is the great upside volume. I would use any pullback to buy into USO. If you want to be more agressive, buy DXO on weakness. If you still have DTO,sell on strength!

DTO is set to crash in coming weeks. DXO is set to take off in coming weeks. fasten up seat belts.

http://etfstocks.typepad.com/markets/2008/12/dxodto-just-in-case-you-are-expecting-a-bounce-in-oil-.html


USO1

Posted at 06:31 AM in DTO, USO |

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