April 7, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Market Positioning

Please click here for a chart of oil services ETF (OIH).

Note the following:

• The chart shows the rise in OIH on the Iran war.
• Oil service stocks are the main beneficiaries, not only from the rise in oil but also from the destruction of energy infrastructure.  Ultimately, destroyed energy infrastructure will be rebuilt, benefiting oil service stocks.
• The chart shows a prior Arora buy zone and huge gains from that buy zone.  OIH is in the ZYX Allocation Model Portfolio.
• The chart shows recent partial profit taking signals near the recent high.