So, a rather powerful net weekly decline for Oil of around -5%.. which is roughly a 50% retrace of last week. It will be important to see Oil re-take and HOLD the $50 threshold before end month.
As many realise.. the equity market is often swayed by Oil.. so those equity bulls seeking a key break above the 200dma - sp'2060s, are going to need to see Oil >50.. if not $55/57.
As for night...
|1.15pm EST... in London city|
For me, the end of summer is harder to deal with than 150 consecutive net daily gains of Dow +300pt ... whilst 100% short on front month index options. Seriously, how am I gonna make it through six months of this grey horror... in a city I thought I'd have left a month ago?
back at 3pm