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What about USO or DBO. Nice pos divergence in place. Good for a short term or intermediate term trade?
I’ve been trying to pick the bottom in oil for several weeks now. We got in again this morning.
Two things just happened: China announced a 500 billion dollar back door QE program to troubled banks, and then Jon Hilsenrath says the language about rates staying low for an extended time will remain in the Fed’s Statement tomorrow.
So SnP 2150 by midyear election