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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Davy Crockett who wrote (16361)12/16/2014 2:27:32 PM
From: stuffbug  Read Replies (3) of 33421
 
Great trade on UVXY.

SPX is looking at Oil for direction.
These two markets appear to be very heavily correlated today.
When oil gave back all its gains for the day, so did the SPX.

My guess is that the market considers any decline in the oil price from current levels as a sign of deflation.
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