ManyPeaks.com

My just-posted bullish posture (sentiment-wise) in Crude Oil is balanced by a textbook sell signal on the Daily chart.

The Oil ETF (USO) reflects futures markets, which both have just experienced an upside move outside the 4-month uptrending channel. In short, it looks euphoric and ripe for a pullback if not all-out top. FWIW […]

Using history as a guide, this spike in Oil prices will likely not burst while so many people — frustrated from previously wrong calls of a top at $80, $90, $100, etc — continue calling it a “bubble.”
The absolute peaks of moves like this typically aren’t reached until even the bubble-callers give up, get quiet, […]

We’ve locked in pretty solid gains for the month of May. With Monday’s holiday and likely slow trading, it’s time to take a breather and give the market an opportunity to show its hand.
Time for some humor that just never gets old.. a hilarious Jim Cramer impersonation:
[youtube=http://www.youtube.com/watch?v=Vv2WmwIEOP8]

I forget how that saying exactly goes.
But my goodness, you can’t even trust these banks to quote legitimate LIBOR rates anymore ! A sign of the times.

It sometimes pays well, but is a tough line of work.
One of my core tenets is to never, absoulutely never, let one individual trade or transaction impair our capital to a degree we can’t recover from quickly. Opportunity comes around far too often to cling to losing positions very long.
While preferable with a beautiful […]

Oh no. Not even close.
Stocks rallying on bad news is not remotely uncommon. It’s usually the result of portfolio managers using a “well that was bad but surely the worst is over” rationale.
The market’s real enemy is uncertainty. And that’s what it got in spades, with today’s news that the […]