I decided after looking at the gap, the large volume and some intraday positive signals building that I might as well book the +15% gain in USO equity short (no leverage).
I may look in to a new trade, but for now, I see no reason to let go of those gains with such a large gap and volume surge, in other words, it's looking like a short term flameout or short term capitulation event and there's no reason not to take the gains off the table.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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