Energy stocks got whacked this week after US crude inventories showed a modest increase. Is this the pullback that we have been expecting? Far from clear that this is anything significant from looking at the chart (ino.com - fair use).

The chart does look parabolic and those parabolics do typically experience nasty reversals.

Wait and see at this point. Our energy trusts are making excellent money at these prices. A few dollars either way makes little difference. If we get a good pullback, I will be looking to add to positions. Energy stocks are still undervalued at these prices IMO and so there is no percentage in trying to get too smart about trading in and out of them.