No, the energy sector isn’t on a buy signal and probably hasn’t bottomed yet….however, I think the sell off is probably overdone (markets overshoot both directions) and I do think we need to have some good ideas lined up for a tradable turn/bottom sooner than most think. I happened to hear those CNBC guys on Fast Money last week talk about how oil is definitely going to $20/bbl and how you need to be selling every energy sector stock out there right now. I think we are much closer to a bottom than those guys are leading people to believe. $35/bbl oil makes more sense to me according to the charts. Here’s a few I’m looking at….I think we are weeks or only a couple of months from bottom and should be keeping our antennae up for long opportunities…..

WTIC

DGAZ

ERY

FCG

XLE