Update On My Oil Trade

Posted by Joe Duffy | Apr 30, 2026 | Joe Duffy's Trading Advantage | 0 |

As I posted last week I am long the oil sector through Conocophillips at 121-121.50. Also short the long term bonds through the TLT ETF at 87- 87.20. Lastly short Microsoft circa 425. All of these are still not closed out so results are yet to be determined.

I am still not buying into the stock market, no matter how much it seems to consider the geo political context irrelevant. This is all going to affect the profitability of most companies in a globally linked economy. I can’t explain why the market seems to believe it isn’t, but I will not be going long equities.

Thanks,

Joe

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Joe Duffy

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