norsburn

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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.

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