Tuesday Nov 17 2015
That tall vertical volume bar at far right is the largest since the decline began Nov 4. As noted yesterday, holidays are generally favorable for markets. And the market is up again in pre opening trading this morning. This is going to be a real challenge as the forty year old bull fights to hold on.
DOG Dow Inverse Fund
DOG looks to be headed right back to where it started in the low 22s, or lower!
I am sensing a move up into the Thanksgiving holiday before any new decline can begin.
March 2016 Crude Oil
After declining eight days in a row, March 2016 crude jumped over a dollar yesterday. Just eyeballing this is the same pattern that prevailed in August, October and now November. The oil market often jumps after a violent incident such as Paris last Friday. The talk is that the flow of oil might be interrupted. But that never happens. The reason is that whoever is in control of a Mid East Oil field needs the money. And so the flow of oil continues. For now the trend remains down.
Comments