A reversal seems to be forming as SPX hit the 200 week average support. All U.S. indexes should follow suit.

Nasdaq-Simple Intraday Strategy

I expect this month we see a turn as parties will come to the table as world economies rapidly deteriorate.

US30

It's been a brutal 2 months, hopefully with the new quarter and earnings, we will see some upside.

US30

Not a bad place to buy. Low risk.

WTI Crude Oil Trading

Looks like $75 will be the resistance this time.

WTI Crude Oil Trading

Refiners talking supply glut in the summer, wow. Deflation.

Crude Oil

We have a fascinating confluence of support here in the $78 zone. Monthly Weekly and Daily! This is so funny.

WTI Crude Oil Trading

Thanks! Looks like we have a draw but the USD looks poised to come up from a weekly supoort also. Summer driving and supply cuts but the transport stocks and China not strong. $78 next?

WTI Crude Oil Trading

I see a double top at the $84 area. Could max out at $86 next week and then down.

WTI Crude Oil Trading

Short it.

WTI Crude Oil Trading

Those production cuts will start a deficit during peak summer season. $77?

WTI Crude Oil Trading

Those are economic crash prices which may be in September.

WTI Crude Oil Trading

Driving season to begin soon. I think it is building a base to go higher.

WTI Crude Oil Trading

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Crude Oil

The dollar index and volatility are lower so it's a supportive market environment for $78 in a couple weeks.

Crude Oil

The API data just released was bad. Plus 4 million barrels. We will see tomorrow with the IEA report.

Crude Oil

Use the VIX and DXY as inverse indicators. Volatility and the dollar up, risk assets down.

Crude Oil

Oh, I'm buying here before the API report today. They are sinking it down on the premise the Saudis will be phasing out cuts in the future. Just in time for the driving season to flush all buyers out.

Crude Oil

Now it's a buy at $73.50. Flushing everyone out before driving season begins.

Crude Oil

We have a few bearish factors: Oversupply, interest rates held at the higher range and decreasing inflation.

Crude Oil