Friday, November 28, 2014

opened WAB short

Oil got absolutely killed today.  The oil boom has been driving railroad stocks as oil is shipped out and facing sand is shipped in. Fracking stocks were down really big, and a number of rail roads stocks were hit as well-- GBX, TRN, RAIL, WAB which makes various rail road equipment, freight cars, brakes, etc... had hit a 52 high and then reversed on high volume that's a sign of weakness.  I saw today's range expansion day as the possible start of an extended down turn. 

opened 88.33 short. 
Stop 90.41

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