Thursday, June 20, 2013

Closing SCO long Equity position, may look at USO

I think as a long, USO is almost there, for an equity position it's probably close enough, I'd always prefer to see that classic head fake/stop run as a great timing signal as this happens most of the time right before a reversal.

The SCO is a 2x short crude and I don't see much more upside in it

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