Now this is how you close out the day after walking into the session with the Nasdaq down a cool 100 points. Anytime I stay up, without sleep, to watch the futures market normally means we are close to a turn.
Big moves were made just about everywhere you look with hammer candlesticks throughout the landscape. We are far from out of the woods, but today’s action should give us a few days of follow through.
The bears are still to be respected here, but the bulls finally caught their first “W” in 2016. I will be looking to sell out of a few positions over the next few days and reevaluate things.
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10,000 more gone at Shell.
I will let oil continue to dwindle into the sunset waiting for iBC to sell off their UWTI under extreme duress. This could take years but don’t tell that to the bloggers here, that doesn’t fit into their 1998 ANAL OG
I can only hope you’re about to get an in-your-face introduction to OA’s ‘third leg’.
Ragin, the last sentence of this post is what I’m reading across the internets. ” I will be looking to sell out of a few positions over the next few days and reevaluate things.” What does that say for market direction over the next week in your view?