Short Energy However You Like

Exit above the horizontal, but I won't use a hard stop. I will allow for possible chicanery, something like a pop up at the open on Monday that fails. To give my thinking here though, I don't think any such pop is coming.

Bombs Away!

Back into the arms of weekly puts on energy, and monthly puts too. May scale in if the market keeps moving higher.

Tidewater

The gap filled. I'm not shorting it though. Gaps on XLE, XOP and XES remain open.

Energy Week

Crude oil appears to have topped. Natural gas looks stronger with Europe bidding up U.S. supplies. An explosion to $10 may still be in the cards. Energy service stocks look strong. That all said, I was expecting crude would act as a giant millstone around the sector going forward. Instead, Russia has interrupted markets again with a gas cutoff: Gazprom Halts Gas Shipments To Europe Via Critical Pipeline

I have had puts on USO for a little over a week. They expire in May. I still plan on holding them here on Sunday, but will have to see how this week develops.

Energy Bulls Aren't Worried About the Fed

"Nice try Bullard!" is the message I hear.

Aggressively Shorting Energy

I had not looked at oil recently, but USO 61.8 percent of its decline