playing 12/18 and 1/15 calls
In a 13-year downtrend Failed to break $41-43 range while equity market rallied Supply is increasing while demand stays stagnant Total OPEC barrel production/day has increased the last 3 months Q120 – 8 million excess barrels/day Q220 – 10 million excess barrels/day Seems to sell off with the indices but doesn’t always rally with them Breakdown to $30...
Ok hear me out. Don't give me regurgitated BS. I have been long for most of my trading years. You are better off not trying to short often. I don't normally use more than one or two trendlines but it is difficult to find the top of a parabolic stock/ETF/market.. but there is always a top. The fed has the markets back until something real happens, which is...
I feel this breaks upwards regardless of what happens tomorrow. Any scenario is good for gold and commodities.
The sky is the limit. I truly believe the fed is using the market as another way to stimulate the economy and put money in peoples' pockets. Don't fight it, it's free. Don't feel bad if you didn't catch the bottom, neither did I. America is the best country in the world. Miss me with anything else.
Been long on XLE for a while, pretty familiar with its movement. It's going to be breaking a big wedge soon and I'm rolling with big upside. Oil could be in a better situation but the bull case is better than the bear. XLE should easily be mid 40s. I expect it to test $40 and fall back down
SPY seemed to have formed some temporary support that might help it fill the gap to $332