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Crude up 45 cents yet GUSH is down. 6%–ERX. down 1.74%-EXXON down .5%–and. many others. I track down

Posted by Richard640 @ 16:32 on November 13, 2019  

Barring. a war, it seems. to me like the oil rally from $54. to 57.50 has run its course and crude’s. gonna go down and test the $54 level again



I. also think VXX is. probably a buy right now seeing how the. Fear N Greed indicator  has been near 90% for a while and. selling volatility is at the same. level it was before the great one day wipeout of a year or two [?] ago


FROM NOV. 11TH===Commitments of Traders (CoT) large speculators, who are notoriously on the wrong side of the trade, are once again at a record-setting VIX futures short position this week. I expect any short-term pullback that would create a rapid uptick in volatility would be followed by aggressive covering in these positions and likely reallocating to equity positions.

vix 20day mmo 6

Finally, market breadth has seemed to lag what we would expect in a traditional breakout. The percentage of stocks trading above their 50-day moving average has yet to break out with the broader market, while the percentage of stocks trading above their 200-day moving average is approaching overbought levels. Some strategists have pointed out the divergence in the percentage of stocks trading above their 50-day moving average this past week, but I wouldn’t look too far into the divergence. First, I think this is the wrong way to look at the indicator. We’re still trading near the higher end of the range of its historical range at 66.53%.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.