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A Guide For Trading The Recent Bounce In Oil Prices - Oil cartoon 12.28.2015

What's the latest bullish catalyst for permabulls? 

We've had a massive 35% rally in oil from the February lows. With oil prices up, we may be closing in on another opportunity to short oil and energy stocks. Here's some analysis from Hedgeye CEO Keith McCullough in a note sent to subscribers earlier this morning. 

"Oh, right, that’s going on too. Oil up +2.1% this morning is another big-bite reason to keep reflation bulls in the game here – immediate-term risk range (dynamic) $31.66-39.45/barrel for WTI as Oil Volatility’s risk range remains surreal at 48-60. We are much more bearish on the Financials than Energy, but would love another shot (short side) closer to $40 Oil."

Remember... chest-thumping permabulls were touting reflation back in October 2015 too. We remember how that turned out.