YES! It’s finally happened! After all this waiting, crude oil has finally shattered the support level I’ve been watching for so many months. Ever since Gartman did his widely-followed broadcast on April 11th instructing people how to take advantage of the bull market in energy, the commodity has fallen EVERY SINGLE DAY with only a single exception. This is very exciting.
Since I have so many energy shorts, and I am also long ERY (as I originally suggested way back on February 7th), it’s pretty cool. Oil, happily, also doesn’t get rocked by that moron Yellen or whatever the yo-yos in Congress decide to do today about health care. Let’s rock!