Both the Oil Futures “Pit” session @ 78.05 and the USO ETF @ 29.30 show a potential weekly double bottom pattern. While there is presently no price action to indicate this will be the low, it is a tradeable pattern … Continue reading
Private Wealth guys with large bond Portfolios… Some of you bought TBT’s as a partial hedge against your long portfolios below 25. It is unknown at this time whether we take another stab at very low rates with a stock sell … Continue reading
Tomorrow is month end and a very broad part of the board has big changes afoot. The following is a list of the outside reversal monthly closes across key currencies and related country ETF’s. Euro…. 136.17 USD/JPY…. 84.00 USD/NOK.. 595.88 … Continue reading