The Gilmo Report

June 2, 2021

June 2, 2021 6:56 pm ET

This week has so far seen the market stall and churn, with perhaps the best strategy being long oil stocks after buying them last week as they all mostly gapped higher yesterday on a positive OPEC report. Most of the patterns weren’t screaming buy at that time, however. The only way to play the move yesterday would have been to buy them Friday or jump on them early in the day yesterday on buyable gap-up type moves once they had established firm intraday lows.

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