[$tinkle]

with back-to-back-to-back hurricanes coming, it would make sense that oil goes back up - maybe $20/bl - but how does that parlay for domestic non-oil & non-utility energy companies? specifically, coal?

i've been scoping out Int'l Coal Group to see if there's a play to be had in the short-term (i believe there is).

 

[ridiculous]

coal is currently one of the best industries out there behind schools. But the way the market has been going lately I would make sure you have a excellent strategy in mind. I have been trading oil stocks to the down side all month and its paid off but now that all of this weather is coming in Im starting to hold back.

As you can see alot of money has come out of the oil and oil services industry with virtually no effect on coal. This will probably remain as the demand wont go away. However, if you look at the industry graph you can see a couple bearish, indicators as the MACD and stochastics are very much against you right now. Also if you pull up a listing of all of the coal stocks you will see that 41/44 of the stocks finished in the red today.

 

[Stray_cat]

I'm going to assume niether of you have take into account pirates. Though more of long term concern, they should be taken into account.

 

[ridiculous]

of course I have. All of the pirates are now on land selling their booty which is why the jewlery industry is up, not even pirates like hurricanes.

 

[stevew]

Oil is down close to $100 a barrel.

When will Toshi start blowing up pipelines?

 

[$tinkle]

charts are voodoo to me. i like to buy shares on sector fear w/ no bad company news & a solid year track record. of course, i don't do this with my 401k or 529, just my 2 IRAs.

 

[ridiculous]

well at least look at the charts of the major exchanges and note that the DJ and nyse finished today at -344 and -261 respectively. Now is not the time for short term bullish trends. Wait about 8.5 years and we'll be back at the point where we are taking stock advice from grocery store clerks.

 

[Stray_cat]

of course I have. All of the pirates are now on land selling their booty which is why the jewlery industry is up, not even pirates like hurricanes.

Crap, I actualy read the graph wrong. I'd invest in both oil and jewlery as the Pirate pop. decreases. Hmm frosty Pirate-pop.

 

[$tinkle]

ICO trading below $7 on no bad news.

maybe this is the bad news?