Picture perfect! Oil has been slapped away from its broken trendline. Resistance has done its job.
Oil Slips Lower
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
What’s Up? Not Oil.
The entire weekend, all the headlines were lockdown-this, delta-that, and yet, as required by federal statute, all the equity futures shot higher and are bright green. It’s encouraging to at least see some sanity in the world of crude oil, which seems a more honest reflection of the world’s economic prospects.
The Energy Reversal Begins
Out of Gas
Best Thing Cookin’
Well, the pre-market was bright green across the board this morning, but things quickly weakened once real trading started I remain fully in position with all cash deployed into bearish plays. I continue to be most enthusiastic about energy shorts, with a very aggressive XLE put position in place. I’m hoping for a target of about 45 on this one.
