| Oil Stocks Continue to Make New Highs |
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| Tuesday, January 10, 2006 |
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Morning Update
The Oil Services Holders ETF (OIH)
The OIH is up 2% today at 142.52. We are currently about one dollar away from our price target of 143. It remains the strongest sector, but it is getting toppy. Today Occidental Petroleum Corp. (OXY), Valero Energy Corp. (VLO)and Berry Petroleum Co (BRY) , SU and CNQ are all at all time highs and also approaching resistance. If you have just entered these stocks I would suggest that put in some protective stops. If you have been holding these stocks since they were triggered I sit on hands and hold and wait for any sell alerts.
NEW ALL TIME HIGHS CONTINUES TO BE ONE OF THE BEST PERFORMING SECTORS (DON'T BE SHY ON TAKING PROFITS IF YOU GOT IN LATE)
OXY
VLO
BRY
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