Oil Service Stocks Are Picking Up

The energy-related stocks are starting to pick up. OIH, the Oil Services ETF, is starting to show strength.

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As we head into spring, look for the energy stocks to gain momentum. The top stocks in the energy sector can make good additions to retirement portfolios. But as they come off short-term lows, they can also be good candidates for higher-return trades, from covered calls to calendar trades, diagonals, credit spreads, and more.

Of the top 10 current holdings in OIH, the stocks with interesting charts are  HAL, NOV, BHI, RIG, TS, and NE.

Earnings have been spotty on these stocks. Watch how the stocks respond to the earnings releases they make in the next several weeks. The best earnings
announcements followed by the best responses should point out the best trade candidates. Energy stocks moving up on strong volume now, before earnings, suggests either institutions know something or strongly believe the news will be good.

Of course, there's much more you need to know and many more stocks you can capitalize upon each and every day.  To find out more, type in www.markettamer.com/seasonal-forecaster

By Gregg Harris, MarketTamer Chief Technical Strategist

Copyright (C) 2013 Stock & Options Training LLC

Unless indicated otherwise, at the time of this writing, the author has no positions in any of the above-mentioned securities.

Gregg Harris is the Chief Technical Strategist at MarketTamer.com with extensive experience in the financial sector.

Gregg started out as an Engineer and brings a rigorous thinking to his financial research. Gregg's passion for finance resulted in the creation of a real-time quote system and his work has been featured nationally in publications, such as the Investment Guide magazine.

As an avid researcher, Gregg concentrates on leveraging what institutional and big money players are doing to move the market and create seasonal trend patterns. Using custom research tools, Gregg identifies stocks that are optimal for stock and options traders to exploit these trends and find the tailwinds that can propel stocks to levels that are hidden to the average trader.

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