The deal with ExxonMobil today didn't play out well for the Oil & Gas Model today. Even though XOM dropped over 4% on the day, many of the other companies rallied on speculation they may be a takeover target.
However, our signals still have us remaining in SNPIX--ProFunds Short Oil & Gas Fund.
Here's the daily returns:
LandColt Trading Oil & Gas Model: -0.45%
Dow Jones Industrial Average: +0.28%
S&P 500: +0.70%
For quicker updates on the Model, be sure to follow us on Twitter or Facebook.
Talk to you,
Todd M. Schoenberger, Managing Director
LandColt Trading, LLC
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