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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (16361)12/16/2014 2:27:32 PM
From: stuffbug  Read Replies (3) | Respond to 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.



To: Davy Crockett who wrote (16361)12/16/2014 2:45:53 PM
From: isopatch  Read Replies (1) | Respond to of 33421
 
FWIW, most of my experience is in oil & gas. In addition to making most of my net worth from trading the stocks, have more than a little industry experience with sub-surface mapping and property valuation.

Iso


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