What's going on with crude oil?

[Albatross953]

Epi, I've been burned on SU before. Yes, they are a great company but 36 is too much. I bought at 31 last year and sold at 45. I'm being stubborn and waiting on 31 again.

In the meantime I'm playing with a few CLO. Hope I don't get burned by buying too high...so I'm just doing a few at a time commission free at itrade.

 

[Epimanes]

SU.to ? Or the usd version of su?

Looking at the charts for hod.to and hou.to on www.freestockcharts.com on the daily macd indicator (5 and 50 sma) it would appear that hou.to should begin its return upwards soon. I doubt that they can sustain their current patterns due to the changes going on in oil price. I believe they will reverse.. But when is the question.

I will check out CLO. Thanks.

Basicly I got a spare 5k to invest and browsing the market for a good short term investment.

Epi

 

[Albatross953]

Suncor in toronto. I'm in Ontario.

I've never looked at the horizons network etf very closely, too much synthetic content. I don't want counterparty risk.

I'm buying these in my retirement account, I don't view these as short term trades. I'm willing to suffer while I build a position, as long as I get paid dividends.

 

[switch7]

id sell near blue box 4hour chart, might have already had its reaction though, and will continue to move down. No point buying, thin air to the left!

http://prntscr.com/5o6287

Anyone day traders here?