Tag Archives: USO
GLD Intermediate Term
This is likely my last post before heading back to Arizona. I wanted to alert all to the GLD Short_Pending. GLD, SLV and now USO are all looking very weak.
Market Close, March 26th
New Signals USO Daily Trend Model—–>New LONG Tuesday’s Market For whatever it is worth, the media mania about new highs in the DJIA and SPX is being heralded against a backdrop of what is basically a sideways market (See charts [More]
TAGS: Cyprus, Market Close, New Signals, Tuesday Market, USO
SPX, Nasdaq & Russell 2000 (IWM); GLD & USO
If today’s first hour rally has any legs it will likely flip the S&P, Nasdaq and Russell 2000 (IWM) Daily Trend Models back Long. These are the three models that are the last dominos to keep the intermediate term trend, [More]
Market Close, Feb 13th
New Signals None. Wednesday’s Market It’s been awhile since I focused on the commodity ETF’s, so what better way to catch up than to post a few charts. My favorites? TBT (Leveraged inverse fund for TLT) on a dip toward the [More]
TAGS: Market Close, New Signals, trading, USO
Crude Oil (USO)
We are approaching a new trading opportunity in oil. As you can see from the USO chart below, price is testing it’s trend line: Over the next two days, we should know if USO is going to reverse SHORT (Buy [More]
Market Close, October 10th
New Signals FB Daily Trend Model———->SHORT Wednesday’s Market Analysis The FB Short Signal above does a few of things for us. First, if you were in FB, it takes you out. Second, if you can Short stocks, or buy puts, [More]
TAGS: FB, Market Close, New Signals, USO
Mid-Session Update
The Fed has spoken, will speak some more at Bernanke’s press conference at 2:30pm EDT today and most every existing trend…..continues. The one exception is VXX Hourly which will likely reverse back Short at 1:30pm EDT. XIV, which has been [More]
Market Open, Sept 6th
Note how prices bounced strongly off of the DJIA trend line: The same pattern is showing in all major stock indexes. How did the index know to bounce right off of the line after twice piercing it intraday? Maybe the [More]
TAGS: DJIA, GLD, Market Open, USO