By Jeff Clark in Growth Stock Wire:
If you liked the action in the oil stocks over the past three weeks, then you're going to love what's coming next.
We turned bullish on oil earlier this month, and the sector has gone nearly straight up since then. The rally is now getting a bit long in the tooth. It's not over... But the risk of buying into the oil sector is not worth the potential reward.
...We don't have a sell signal from this indicator yet. But stocks have rallied so far off the bottom, there's probably more downside risk than there is upside reward. So only short-term traders should venture into the oil patch.
Fortunately for everyone else, another sector is ready to make a move...
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Jeff Clark trading system says, "sell stocks right now"