Leading Off… Tired of this Day-to-Day Market?

May 22, 2014

Screen Shot 2014-05-05 at 9.13.38 PMTim Reazor
Chief Investment Strategist
NorAm Asset Management

This is a theme I’ve been coming back to for sometime this month.  I only want to be long commodities like crude oil and the stocks associated with crude.

It’s hard to make money in a market that that changes its mind from day to day.  It’s easier to make money in a market that is trending – as long you know the trend.

Right now crude oil and a handful of oil stocks are trending higher.

The easiest was to take advantage of this trend is to buy the crude oil ETF USO.  You could also look at stocks like Continental Resources (CLR) Diamondback Energy (FANG) Schlumberger (SLB) and Anadarko Petrol Corp (APC)

Here in the shop we have gains of 12%, 3% and 4% in CLR, SLB and FANG respectively.  We are currently not in APC.

On this upcoming Saturday’s radio show and video (May 24th) I’ll be talking about proper position sizing for the above stocks and ETFs as well as how to take profits and when to scale back in.

You can listen to the show live on Saturday’s at 10:00 AM – just click this link and bookmark it – http://www.iheart.com/live/1190AM-4276/?autoplay=true

You can also listen via the iHeart Radio app.  Simply download the app to your smartphone and search for 1190 AM Dallas.  There is even an alarm you can set to remind you of when our show is on.

If you want to come into my office and learn about credit spreads send me an email.  It would be a pleasure to meet, bond and talk stocks together – tim.reazor@NorAmAsset.com

 I often talk stocks and markets on twitter – you can follow me by searching for my handle – @TJReazor

 I hope today’s newsletter helped.

Best Regards,

Tim

The information presented is for educational and entertainment purposes only.  Opinions and information expressed are based upon information considered reliable.  However, factors are constantly changing and should not be relied upon. You need to do and verify your own research.  

Moreover, no reader or listener should assume that any information or discussion presented serves as personalized investment advice from NorAm Asset Management, Inc. or from any other investment professional, and is not an offer of solicitation for the sale or purchase of any specific securities, investments, or investment strategies. You need to have your own, individual investment advice suitable for your personal situation.

 

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