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This week in energy

By Jack Chan at www.simplyprofits.org
August 20, 2008

OIH – new buy signal.

XLE – new buy signal.

XEG.TO – new buy signal.

USO – new buy signal.

Summary

All four ETFs gave us new buy signals this week. Looking for a multi week advance in this sector.

Disclosure

We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.

August 20, 2008
Jack Chan
website: www.simplyprofits.org