“Sir, is it true you’re an oil trader!?”
I said yesterday, I’ll have the new and updated oil algorithm on Sunday
… scratch that … with the Memorial Day Weekend here, and markets
basically closed on Monday, I’ll have it ready to post sometime Monday in
the afternoon … and the trades off the algorithm signals will commence
with Tuesday’s trading.
Oil today, started trying to recoup some of the losses from yesterday, and like
I said before, look for the spikes up to catch the spec buy stops, from those
who got short yesterday … and when specs gret short, commercials get long,
and in order to get out of their longs, they need to sell to somebody … bingo,
bango, BOOM! … thank you very much buy stops. And from there, it got
ugly quickly.
Too bad, none of the other markets can trade like oil … well, they’re too
manipulated to put in these kind of moves … of course, all markets used to
trade like oil, before the manipulators got ahold of them for social policy
purposes.
Bid/offer WTI spreads today at Coinexx behaving for the most part … the
first part of the day a solid 3 cents, then when SHTF and oil went
“Thelma & Louise”, the spread widened a penny to 4 … given the trade
action, in the acceptable range.
Blog update Sunday, and I’ll be putting the WTI oil 20 Day Range MA back
up … it’s a good proxy for oil VIX. Monday sees the new oil algorithm
manual. Until Sunday mi amigos … Onward & Upward!!
Have a great Holiday weekend everybody!
-vegas
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