Oil and Gold Meet Javelin Missiles As Stocks Slump
Well...I got bucked off the Crude Bull!
As a great boxer once said "No Mas!".
Price rejected off 130, the 1.27 Ext. of the larger high to low
on the Monthly chart.
News of the UAE saying OPEC should pump more,
the yield curve doing bad things and stagflation talk...
I punched out of Gold and Crude for now to reevaluate.
No problem taking nice gains.
Steve Wiess on the CNBC Halftime Report always
says he "hates to lose money more than he likes to make money".
Me too.
One can always wait for a good setup to reenter.
A .618 retrace of this whole move is 88.43.
I would expect Crude to see that before new highs.
I will now look for Shorts on the 60min and 5min charts,
trying to catch a trend. Still Short SPY and QQQ.
Targets down are 96 and 88.
I missed the the tippy top.
They did a lot of gapping up and down in the middle off night,
like the Russians...those sneaky bastards.
Goodluck.
As a great boxer once said "No Mas!".
Price rejected off 130, the 1.27 Ext. of the larger high to low
on the Monthly chart.
News of the UAE saying OPEC should pump more,
the yield curve doing bad things and stagflation talk...
I punched out of Gold and Crude for now to reevaluate.
No problem taking nice gains.
Steve Wiess on the CNBC Halftime Report always
says he "hates to lose money more than he likes to make money".
Me too.
One can always wait for a good setup to reenter.
A .618 retrace of this whole move is 88.43.
I would expect Crude to see that before new highs.
I will now look for Shorts on the 60min and 5min charts,
trying to catch a trend. Still Short SPY and QQQ.
Targets down are 96 and 88.
I missed the the tippy top.
They did a lot of gapping up and down in the middle off night,
like the Russians...those sneaky bastards.
Goodluck.