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After successful shorts and longs last week I step aside with oil. SPX can turn down, mean dollar up, mean oil down, but, maybe Friday we see today’s continuation…
Where are all the trolls that were telling me how wrong I was about oil when it was in the mid 40’s?
Now after a 20% rally I think I can say with confidence they were flat out wrong and lost their ass on their shorts while we’ve made some nice profits on this bear market rally and likely still have further to go.
With the Nasdaq within spitting distance of 5132 I think I can call that one a win also.
Now it just remains to be seen which scenario will play out in the dollar. Will it be a triangle consolidation for several weeks, or a real intermediate degree correction down to 95 or maybe even 92ish? Either way I’m pretty confident the dollar isn’t going above 100 until one of those two scenarios plays out.
Dang the trolls got nothing to work with 🙂
You know what they say about broken clocks and blind squirrels
As recall you were one of those telling me how wrong I was when oil was in the 40’s.
Actually no, I agreed on oil bottom
‘United States Natural Gas Fund, Short Interest Down 34.7% in March (UNG)’
Oops, forgot to say that perhaps this is indicative of the bottoming process that you mentioned Gary?
I do thiink nat gas is bottoming but it’s likely to be a slow difficult process.
Spin it to win it Gary. Publish your portfolio performance since 2012 before your start sticking your chest out mate.
2010 was a huge positive year. Some who were willing to use leverage were up 400%.
2011 average year as gold and silver topped that year.
2012 up roughly 20%
2013 down year as gold and silver entered bear markets.
2014 focused mostly on the stock market and easily beat the S&P with a 16% gain.
So far this year even though the markets are stuck in a range we are again handily beating the S&P.
Well then why did you ask since you already made up your mind?
I think you are forgetting a trade or two