EDGE TRADER

Sunday, February 05, 2006

Valero



Added VLO to my portfolio near the close Friday.

Buying energy during pullbacks is a play that was profitable last spring/summer. Looking at the chart, buying during a big pullback has proved to be profitable and Friday's candlestick is a doji. I am not a big candlestick-er, but this type of energy swing play has worked well in the past. Energy and materials are in favor in the sector rotation right now, which generally helps.

1 Comments:

At 4:09 AM, Anonymous Anonymous said...

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