OPEC Update #OIL $USO

December 7, 2016 9:05 am / Published in Oil, USO
It turns out that only half of non-OPEC cut announced in the OPEC deal is real.  The rest of the announced cut is the natural decline in production that would have occurred anyway without any deal.   Oil is falling as the smart money catches on to this analysis.  

YTD Asset Performance #SPX #EMERGING #OIL #GOLD #COPPER #USBOND #MSCI #USD

November 7, 2016 5:17 pm / Published in Copper, DXY, GOLD, MSCI, Oil, SPX, USD
Data from Reuters: #SPX +2% #EMERGING 10.8% #OIL 27.8% #GOLD 22.7% #COPPER 6.4% #USBOND 2.6% #MSCI -0.2% #USD INDEX 1.6%  

SHORTING OIL: A 100% RECOVERY FROM THE MARCH LOWS #USO #OIL

October 19, 2016 2:44 pm / Published in Oil, USO
Long Term Trade: #USO Oil is higher on API data.                 The fundamentals that sent oil from $100 to $30 have not significantly changed, but sentiment has. The market is no longer fearful of a large collapse in oil, with confidence boosted by expressions of production freezes by

OPEC REACHES AGREEMENT

September 28, 2016 3:38 pm / Published in Oil, SCO, USO
There is a single unconfirmed report that OPEC has reached an agreement to limit production to 32.5 million barrels per day.  This will be finalized in the November OPEC meeting. At present, OPEC is producing 33.1 million barrels per day.  The proposed agreement would reduce produce production by 600K barrels per day.  

Week’s Event $SPX

June 22, 2016 9:48 am / Published in FED, Oil, SPX
Three Risk Events There are three risk events ahead. Brexit vote on June 23rd, this is the big one. Russell re-balancing on June 24th. Spanish elections on June 26th.                           Calm Before The Storm Markets are calm ahead of the storm.  The odds

$SPX Open Territory

April 19, 2016 7:01 pm / Published in Oil, SPX
The $SPX had taken all the down trend-lines. To the upside the next stops are only past highs. Today: A rebound in oil after a workers’ strike in Kuwait hurt output and better-than-expected earnings pushed major indexes higher, while Treasuries remained in negative territory. The dollar weakened, pushing gold higher, after weak U.S. housing data