Alexander Barrow 🪶 Profile picture
Founder & CIO of Macro Ops, PM @ Foundation Capital. I publish global macro insights & investment theory. ex. USMC, FBI, DIA, PLTR
May 12, 2018 8 tweets 3 min read
$DO | Is close to completing its nearly 2yr inverted H&S bottom. The stock is up 30% since we first covered it in Feb…. Its got a solid BS & is trading at just over 5x FCF.

I'm longer term (6m+) bullish oil but still think we see a sizable retrace soon. $USO typically performs well later in the cycle, especially on a relative basis.