What is everyone worried about? It is called a time to top UP IMHO beyond the heady heights it got without much explanation.
SXY has been affected as POO has gone down, Khashoggi got murdered, Iran had a go and the French threatened to destroy European trade.
What would you expect SXY to do? Trade sideways?
Nothing to worry about IMHO. All the oilers and gassers got sold off miles below their value as fear outdid fortune.
It is a small cap, and all the small caps such as SXY, Tullow, Faroe, Marathon, Premier, Ophir all got hid the hardest. Even BP, RDS, XOM, CVX, .ORG, STO, OSH, WPL, BPT got a spray.
The market will get a little chill, recover and be good as rain and people will wonder what all the fuss and vol was all about IMHO.
Enjoy all, GLTAH.
Change my sentiment from sell to buy.
What is everyone worried about? It is called a time to top UP...
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