norsburn

Message Follow Following Unfollow
Joined
The markets work efficiently 60% of the time, every time.
Markets Allocation
50 % stocks 50 % other
Top Mentioned Symbols
SPY 100% | 2
norsburn norsburn SPY, D, Short ,
SPY: SPY short off Doha flop
85 0 1
SPY, D Short
SPY short off Doha flop

We all know, or should know, that the run up in the markets have been in response to major oil producers flaunting the idea of a production freeze. Well Doha has come and gone and NO DEAL was made. As you can see from this chart the 2 trending green lines from the left to right have a zone I was looking for the SPY to pull into, it did last week and with the news ...

norsburn norsburn SPY/USO, W, Short ,
SPY/USO: SPY to USO... looks unsustainable
50 1 1
SPY/USO, W Short
SPY to USO... looks unsustainable

Looks like either the market needs to rebalance equities with oil; the question is will Oil rally or with the Market selloff? I say market will sell off with oil as Doha is a bust, and eventually oil will find a base and market will be led into correction from oil over supply.

Last visit United Kingdom
7120
320
52117
Message Follow Following Unfollow
Last visit WORLD
24643
892
142887
Message Follow Following Unfollow
Last visit
188
0
657
Message Follow Following Unfollow
Last visit
3
0
12
Message Follow Following Unfollow
Last visit
3
0
12
Message Follow Following Unfollow
User has no following symbols
Market
Browse
Type
Browse
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out