11 thoughts on “AN OPPORTUNITY IS COMING IN OIL

  1. daummer

    Gary, which of the levered oil ETFs do you like for such moves? GUSH and DRIP? ERY and ERX? thks

    1. Gary Post author

      I wouldn’t buy any leveraged ETF’s until we get a clear move down into a daily cycle low.

  2. Gary Post author

    How many times must I warn people not to short the stock market?

    The S&P is 7 points from generating the final confirmation that the 7 YCL is complete. A higher high above the November top at 2116 will seal it.

    1. bill

      Nice call in oil Gary check out ATW ON A RIP my largest holding to date will be a 100 bagger at 15

    1. Gary Post author

      A perfect example of why I don’t short, and I certainly wouldn’t short the stock market. Depending on how leveraged Surf is today could be costing him a pretty penny.

      Shorting just isn’t worth it for the average retail investor. Over the long haul I dare say maybe 1% might make some long term gains. Everyone else just ends up whittling away at their account.

  3. goldilocks

    I think today’s action in gold was disappointing (no follow through). Now digesting the Yellen-speak from today.

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