“Fast appearances of a new high & then a new low in oil? … Aliens!”
Another glorious day in crude oil, following stocks higher and then lower, and
then higher … stop, I’m getting dizzy! … cuz when a market is adrift in the status
quo of supply & demand and has no idea where it’s going, it will find something
to correlate with to move … and with the money sloshing around the crude
market every day, they’re gonna find something to hang onto.
Other than that, there’s only oil inventories every Tuesday & Wednesday, and the
various thugs and dictators who talk oil to move it … so, here we are again on a
Friday with lower oil VIX this week as well … until things pick up, I’m avoiding this
complex entirely cuz it’s nothing but “whipsaw” action, and if you get caught on
the wrong side, it’s very hard to make it back … better action in the DOW30 IMHO,
and remember oil is most definitely NOT an “88/6/6” paradigm market … better
trading opportunities elsewhere.
Blog update on Sunday … until then mi amigos … Onward & Upward!!
Have a great weekend everybody!
-vegas
No comments:
Post a Comment