Trade

Bought TSO (Tesoro) yesterday at $15.79. This is a play on lower oil. The oil refiners have gotten squeezed lately by rising prices. However, gasoline inventories are falling and I believe that the refiners may get some pricing power back by the end of the year. In that scenario, I look for TSO to trade up to $25.

I am still looking at a deflationary play. I want to short a Crack-Up-Boom favorite. POT? CLF? Maybe I'll go long DUG (ultrashort oil).