As the days go by, I am finding that trading the short term tops in energy stocks is the new Mecca of trading gains. These trades are setting up quickly and imploding even quicker. I doubt this "fad" will last through the week, so make sure you grab them while they are still working.

The idea is to take an energy stock, one that has weathered the market storm very well, but also one that has been unwilling to advance beyond its most recent highs. This week we saw puts on CLR and SM stack significant gains, and there are plenty more still setting up. 

Again, this won't work on just any stock. You can't go short the XOM, COP, and CVX's of the sector and expect to make the same type of change I am referring to. Instead, take the momo's that are running out of gas.

In many cases, it is already too late (DVN, EOG, UPL) ...but here are the candidates that are still fairly timely:

APA- Breaking down today

CAM- Breaking down today also

MUR- Getting closer

OIS- Breaking today

SII- Breaking down today

SLB- Breaking down

WLL- Getting Crushed.