This is the very worst case scenario for feverish bulls, but the best for me. At the open of trade, I led a faction of top hatted gentlemen into another tranche of short XLE, close to $63.
For the second time in as many days, the market was robbed and beaten for an otherwise genteel 150 point advance.
Oil stocks reversed under the weight of their own hubris.
The ark, gentlemen. It floats.
Any questions?
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Double secret probation meetings on both sides on the pond can’t be boolish!
Hey fed:
Who’s dumber you or the masses?
When is oil going to crater?
That’s the #1 blemish to my market strategy thus far. . . everything is is good.
Just one question: Can I give you a hug?
+1
“When” is a question of investor sentiment (luck and charting), “if” is a question of fundamentals (which can always change).
Invest accordingly.
2040 on /ES futures was support and is going to become resistance.