trading

Profiting from the Oil Breakout

I'm an amateur stock trader who likes to use technical analysis to trade my stocks. I can't claim to make a living from it like some people do. However I would like to someday. While watching this Friday's Fast Money I couldn't help but notice all the talk about oil breaking out. I was glad to hear this because as oil broke out yesterday I was putting my Roth IRA into USO. I don't have a lot of money in my Roth IRA, but since it's an account that allows for tax-free gains, I like to trade it. Heres what I saw: