I’m delighted to report that, for the first time in YEARS, the channel for Royal Carribean (motto: “We’ll sail your fat ass anywhere!”) has broken.

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I’m delighted to report that, for the first time in YEARS, the channel for Royal Carribean (motto: “We’ll sail your fat ass anywhere!”) has broken.

In recent days, one particular point of frustration for me has been XOP, the oil and gas producers fund, which lurched higher on a daily basis for weeks. I am confident, however, that this rally has ceased, and I am amping up my bearish position on XOP as well as the individual stock COP.
Take a look at the relationship between the price of XOP and its trio of exponential moving averages (50/100/200). I’d say the risk/reward on a bearish trade is appealing right here.
