The market chopped around today and then dropped into the close, leaving the indexes looking ready for a breakdown. They will need to bounce tomorrow or else it could get ugly.
I posted a chart of USO earlier this week, showing that it’s looking ready to drop. That drop could be starting; we should know tomorrow.
DTO […]
A very choppy day in the market, with the indexes giving back the gains it had made during the day. The NASDAQ sits at its 50-Day MA, a place where it could meet some resistance.
I made one of my dumbest trades in a long time in CROX. I have been staying mostly out of the […]
The indexes were down all day, until the last hour of trading, where losses were pared. The indexes are still looking bearish, as seen here in the NASDAQ.
Oil is looking weak here, and I took a long position in DTO today, an inverse oil ETF. It moved higher and then pulled back. I still think […]
