{"id":784,"date":"2008-06-26T11:11:08","date_gmt":"2008-06-26T15:11:08","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=784"},"modified":"2016-09-20T03:24:14","modified_gmt":"2016-09-20T07:24:14","slug":"oil-index-set-to-fall","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2008\/06\/26\/oil-index-set-to-fall\/","title":{"rendered":"Oil Index Set to Fall?"},"content":{"rendered":"<p>The ETF that tracks the US Energy Sector (AMEX:IYE) is starting to show signs that it may be ready for a real fall. As there has been a significant increase in the noise surrounding sky-high oil prices and regulators and politicians looking to increase oversight, they will surely end up trolling for a scapegoat.<\/p>\n<p>Update 6\/29\/08 &#8211; Prof. Greenberger who has been testifying on Capitol Hill regarding the Enron Loophole is a Andrew&#8217;s guest on TDI Podcast #63. <strong><a title=\"Greenberger Enron Loophole\" href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-admin\/post.php?action=edit&amp;post=787\" target=\"_self\">Listen Here<\/a><\/strong><\/p>\n<p style=\"text-align: center;\"><em>(CLICK CHART FOR LARGER VERSION)<\/em><\/p>\n<p style=\"text-align: center;\"><a title=\"IYE Chart\" href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2008\/06\/iye_chart-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-785 aligncenter\" title=\"iye_chart\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2008\/06\/iye_chart-1.jpg\" alt=\"\" width=\"455\" height=\"364\" \/><\/a><\/p>\n<p>Will that cause some of the recent froth to be lifted from the energy stocks? Maybe. Take a look at the index and think about the timing potential for ETFs that short similar indicators\/indicies such as the UltraShort Oil &amp; Gas ProShares (AMEX:DUG) which has a 200% negatively correlated price to the Dow Jones Oil and Gas Index. We have been adding that position to client portfolios recently.<\/p>\n<p>The chart shows a recent break below the 50 day for IYE. All things considered, I keep on recalling the phrase: Trees do not grow to the sky.<\/p>\n<p>Thoughts?<\/p>\n<p><em>Disclosure: Clients of Horowitz &amp; Company are LONG DUG at the time of publish.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ETF that tracks the US Energy Sector (AMEX:IYE) is starting to show signs that it may be ready for a real fall. As there has been a significant increase in the noise surrounding sky-high oil prices and regulators and politicians looking to increase oversight, they will surely end up trolling for a scapegoat. Update [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12,21],"tags":[483,486,490],"class_list":["post-784","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","category-short-ideas","tag-markets","tag-short-ideas","tag-stocks","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=784"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/784\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}