Oil stocks are taking a hit early. There’s so many choices now on playing these moves. DUG, ERY, DTO all get you on the short side of energy or oil. You could short OIH or any of the individualy stocks too, but DTO stands out currently as the most volatile with a clean pattern.
I thought OIH would hold the 50dma, but the market had other ideas. DTO has pulled back to nice support and is jumping off the 50dma today. I’m still not convinced this is just a fakeout play in commodities, but you trade what you see.
