From yesterday's USO short trade idea, USO didn't quite make the head fake move I am looking for to turn that in to a short position, it did gap up and it is negative on a lot of short to intermediate timeframes as it has been, if you are short USO on this gap up I'd suggest a trailing stop. I still think it will likely make a clear head fake move above resistance, but that doesn't mean you can't make a few $ on this move today, especially if you got in at the gap up.
I'll get some charts up next
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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