Black Gold vs. Si

I'm starting to waver in my belief in technology stocks. Technically speaking, the graphs of my positions (MSFT and CSCO) are looking a little on the over-bought side. However, my thesis about oil still seems to be on the up and up. The oil and natural gas indexes seem to be on the way up still (with a slight hiccup last week). With my prediction of weather a few weeks ago, my ideas are just falling right into my lap. Unfortunately, I'm not in any energy stocks save CHK. I'm going to see what I can sell off and rebalance to a more energy heavy portfolio. As many have said too, oil is becoming harder and harder to find and extract. We have a large supply still. However, we'll start to see RIG, SLB and HAL moving up still for quite a while. Let's see if we can actually take advantage of this.