OIH‎ – Oil Service HOLDRs (ETF)

The OIH Oil Service Holdrs ETF is sporting a very classic retracement on it’s chart coupled with declining volume during this past rally. Take note of the fact that it’s hit the same trendline nearly 3 times in the past.

You hear about “low risk trades” all the time…well, here’s a great low risk SHORT trade or PUT trade!