Oil Drillers- Attempting bullish breakout!

Oil Drillers- Attempting bullish breakout!

Oil Drillers have had little to smile about over the past years. Could this trend be about to end? A pattern is in play that highlights a counter trend rally could be near. Below looks at the Oil Drillers (XOP)/ S&P 500 Ratio over the past couple of years- CLICK...
Drillers update

Drillers update

CLICK ON CHART TO ENLARGE Game Plan…am currently overweight the energy complex, long OIH and XLE.  Keep a 4% stop on these positions. As relative strength continues (see post here)  If the dollar should bounce off of support, I will lower this stop or...