Wednesday, December 3, 2014

Trade 1499 and 1500, looking for a reversal in OIL stocks


Oil been on a pretty strong downtrend, and it looks like it may hit 50. In the meantime the oil stocks are looking at historically cheap valuations.
Automated my stock screening process to scrape data off yahoo and then make a screen based on the valuations. There aren't many stocks that are meeting valuation metrics, but oil stocks, due to the falling oil prices are seeing some historical lows.
I may add a few more oil stocks tonight.