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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%Jan 9 4:00 PM EST
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From: FCom7776/6/2016 2:15:45 PM
1 Recommendation

Recommended By
edu1102

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Will we soar - or - will we fall ?

Thinking possibly real good short here ...

Like I have been saying for some time - this equity move higher and oil are tied at the hip. In fact, sometimes I've noticed that oil has been tending to lead ... right now may be one of those times since it rallied hard this morning and has been falling back - while SP lingers here.

If oil can get up above 50 and trade there - my guess is equities could move higher - but it's got to show me here that it can - until it does my guess is we could see some downside.

That and two bucks won't even get you a cup of coffee at Starbucks any more !
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