Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Back-Rank Checkmate Potential


If crude oil loses the highlighted daily chart bear flag, below, I am considering DTO SCO inverse ETF’s to short black gold.

As you know, crude has been quite weak for some time and has failed to hold much of a bounce at all.

Against that backdrop, a washout is still a clear risk, especially with the USO ETF loses $30.

What are you trading this morning?



Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter


  1. danny1980

    Eyeing LAKE what do you think

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. danny1980

    Ok Thanks Chess

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. traderconfessions

    RCPT and ALNY… Stalking ZOES short…

    • 0
    • 0
    • 0 Deem this to be "Fake News"