Tag Archives: USO

Pattern Alerts…Russell…OIL…USO…Midcap 400…BP

Posted on 02/23/2012

ALL of the above are working on ORH days..Closes over the following levels are needed… These are generally price positive patterns, however it can take a day or more for confirmation of the pattern. Russell 2000 (TFH) 82330 Midcap 400 … Continue reading →

A.M. Look 2/23/12

Posted on 02/23/2012

Yesterday found me beating back my accrued Pavlovian tendencies from my charged years of Pit trading. I wet myself and realized my issue before I embarrassed myself. We try to limit those episodes. Right you are! I’m not alone, we … Continue reading →

A.M. Look 2/22/12

Posted on 02/22/2012

Platinum…leads the metals. Last night’s high (1711) was the major 2/3 rds Fib coming back up on a 4 year swing. It’s a big big level! Remind yourself that the Platinum has just rallied $300 in a few weeks. This … Continue reading →

Portfolio Adjustment

Posted on 02/21/2012

We’re moving down to a 30% Long exposure to the Oil and related names @ 4 P.M. EST. This includes..OXY,XLE,USO,OIL Futures as well as our Long Canadian Dollar position. Although this is a capital flow which I believe will play … Continue reading →

A.M. Look 2/21/12

Posted on 02/21/2012

USD/CAD…98.80-99.00 continues to be the hurdle level ( Dollar support). This runs up to 101.37 in the (H) Futures. Simply put, don’t buy Futures strength/ sell Dollar weakness into this level. The Canada will need more than one attempt at … Continue reading →

A.M. Look 2/17/12

Posted on 02/17/2012

USD/CAD..either side of 99.20 USD/CAD ( 100.70 H Futures) is the next hurdle level. AUD/USD…shows all new strength is needed above 108.00-25 for new upside. USO…a couple of closes over 40 in this etf should project another 10% toward 44. … Continue reading →

A.M. Look 2/16/12

Posted on 02/16/2012

Spu’s …1329.50-1332 is the level it’s been trying to print for the past 2 weeks. Just don’t initiate a short into this level. It’s a Bear trap area the first time down. Presently the Spu’s need back over 1342.50 for … Continue reading →

A.M. Look 2/15/12

Posted on 02/15/2012

One trait of a Bull Market is that it spends all day trying to brake and just a few minutes rallying. Spu’s…will stop all the way up, at every macro level, where new shorts will come in to try and … Continue reading →

OIL…USO…General Risk

Posted on 02/14/2012

A.M. Look 2/14/12 Crude has broken out of it’s recent $5 trading range. We will be adding the USO ETF to our Long portfolio on a dollar pullback in the Crude to anywhere near $100.50. We will use this as … Continue reading →

A.M. Look 2/14/12

Posted on 02/14/2012

Crude has broken out of it’s recent $5 trading range. We will be adding the USO ETF to our Long portfolio on a dollar pullback in the Crude to anywhere near $100.50. We will use this as a surrogate to … Continue reading →