New Week and a Rush Higher

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I had an exhausting three days of traveling, so I did something that I hardly ever do: overslept. I got up at 7, which for me is the equivalent of getting up in the afternoon. One glance at my iPhone told me I wasn’t missing anything good: everything was up.

The ES is still beneath its triangle, but I’ve pulled my horns in: I got rid of all three of my positions in my “ETF only” portfolio, meaning zero risk exposure (and zero opportunity as well). I really want to see what happens with this triangle, and frankly the market has been extremely frustrating lately.

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Of the largest importance to me is crude oil, which really mustn’t go higher than about $53.25 or so. We’re up against an absolutely vital decision point.

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I am going to get caught up now.

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