Oil Services ETF- OIH

The OIH can not rally in the face of Gulf War and Iran trouble. That is significant. The OIH just can't get a rally going. You can kiss your oil stocks good bye for now.

My earlier June 16 post on this predicted this.

The energy sector has seen a multi year high. Expect many years of under performance from this sector. The bounce in last two days does not matter. Majority of these stocks are not going to see their high again. Alternative fuel, coal, oil, gas all these sectors will not regain the leadership for long time to come. Every rally in the energy sector is a shorting opportunity.
I am watching following stocks from this sector.
ACI,Arch Coal Inc
ADM,Archer Daniels Midland
ATW,Atwood Oceanics Inc
BHI,Baker Hughes Inc
CAM,Cameron International Corp
CLB,Core Laboratories N.V.
DO,Diamond Offshre Drilling
FCL,Foundation Coal Holdings
FTI,Fmc Technologies
FTO,Frontier Oil Corp
GRP,Grant Prideco Inc
HAL,Halliburton Co
HOC,Holly Corp
IEO, iShares Dow Jones US Oil & Gas Exploration & Production Index Fund ETF
IEZ,iShares Dow Jones US Oil Equipment & Services Index Fund ETF
IXC,iShares S&P Global Energy Sector Index Fund ETF
MDR,Mcdermott Internat Inc
OIH,HOLDRS Oil Service ETF
OII,Oceaneering Internat
PBW,PowerShares Wilderhill Clean Energy Porfolio ETF
PEIX,Pacific Ethanol Inc
PXJ,PowerShares Dynamic Oil Services Portfolio ETF
RIG,Transocean Inc
SLB,Schlumberger Ltd
THE,Todco
UCO,Universal Cmprssn Hldgs
UPL,Ultra Petroleum Corp
USO,United States Oil Fund ETF
VDE,VIPERs Energy ETF
VLO,Valero Energy Corp
VTS,Veritas Dgc
WFT,Weatherford International Ltd
WHQ,W-h Energy Services Inc

Those chasing this sector now are too late for the party. If you are holding on to these stocks, you should be worried.

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