ETF traders….If you’re not Long EUO get some on by the close.

If you bought some earlier in the week just sit tight.

You just don’t want to chase it

Futures traders…sell rallies against 111.30 cash which is last weeks reversal low.

Shorter time frame traders can look to use today’s 4 P.M. cash close today as your next pivot.

If they start down tonight go with it with a tight stop. If they start up, just wait for a good rally.

Earlier in the week i referenced the disparity in the qtrly sell signals between different

world indices.Of those NASD is the only one that has not flashed off on the qtrly, however it is on a weekly buy.

Every equity Index that I’ve looked at is flashing a green weekly buy signal.

This is the second buy signal of the year.