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Monday, December 23, 2019

CRYPTO MOVES SLIGHTLY, BUT OIL IS DEAD

“Oil VIX that is!”

Last person to trade oil, please turn the lights off in the trading closet you’re in
… boy is this pathetic … into the P.M. of New York, and oil has a 50 cent range
… well, nothing you can do but turn away and leave it alone … bid/offer spreads
are higher by a penny today, no doubt cuz of the Holiday week, but do you really
want to trade something that has no life, no “Intraday VIX” [IVIX], and the costs
are higher? 

Crypto not much better, although over the weekend BTC had a good move up
… still, IVIX has got to go higher in BTC for me to trade it … at least $400 on the
20 Day Range MA. otherwise it’s just too expensive relative to its movement.

Not much else to report on … light volume flows in crypto, and NO flows in crude
oil … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


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