Wednesday, February 18, 2015

Oil in free fall?

Update posted at 10:30 Pm on the 18th
Reviewing my work *I see today is an inside day -I usually consider that bullish if it is near a low but I don't think we are at a low so watch that one.
* 4 TD  sum of volume is low showing confusion with traders.
*Blowout days. I have not spoke of that of late but today was the lowest reading since the last high on 12-29-14 .  FWIW.



I don't know if OIL rules the Stock Market or not but looking at these charts I would think it has a big hold over the market. The only reason I bring this up is the big dip in USO and OIL today the 18th Feb.
After hours the drop continues. I write in Red because I'm bearish.







Jerry O
I expect fireworks with the options this last 2 days.


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.