Time for a Turn?

What if oil is bottoming? When I talk with Dan Dicker -- the best there is, the man who nailed the refiners at the bottom and pushed Devon Energy (DVN) before the surge -- he pointed out that the price of oil worldwide hasn't fallen. We have had a glut in this country that may or may not be fixed depending on that darned Cushing, Okla., bottleneck again, but I believe the price is artificially low "here," not artificially high "there," which means this underperforming group could gallop again.

Remember what kind of market this is. We are constantly rotating in and out of stocks and sectors. Three groups that have lagged lately are biotech, oil and housing. Try as I may, I can't come up with a pattern that indicates why these areas might be done going down. There's no linkage....246 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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