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Thursday, October 3, 2013

GDP

A few weeks ago I noticed the independent, small cap oil companies starting to move after the price of oil got over 100. I had expected a few more to continue, but oil stalled, and the breakouts stopped. I noticed it again today, with a few of the small caps moving nicely. GDP is an unusual one in that it had a great deal of prior strength, which may or may not translate into future strength. It could be that the market is expecting another increase in oil in teh near future. This is something I will keep an eye on; while it is pretty high risk, when these move, the moves are very big. 

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