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This week in energy

By Jack Chan at www.simplyprofits.org
September 6, 2008

OIH – back to sell signal this week.

No set up resulted in the buy signal, therefore, no harm done.

XLE – back to sell signal this week.

Stopped out with a small loss.

XEG.TO – sell signal this week.

Stopped out with a small profit.

USO – back to sell signal this week.

No set up from previous buy signal.

Summary

All four ETFs are back on sell signals this week. We will stay out until new signals and set ups.

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.

September 6, 2008
Jack Chan
website: www.simplyprofits.org