Good morning, everyone, and what an early morning it is: just past 4 a.m. here in the Bay Area. Although the screen is largely screen, there’s one key item which isn’t, and that’s my old friend crude oil:

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Good morning, everyone, and what an early morning it is: just past 4 a.m. here in the Bay Area. Although the screen is largely screen, there’s one key item which isn’t, and that’s my old friend crude oil:

I enter the new year the same way I left the old one: that is to say, so short energy that I could jump off a dime. The two ETFs below are indicative of the subtle shift taking place in the sector which was the only meaningful winner for bulls in 2022.

I’ve got to say, the sinewave I laid down on natural gas early this year has been incredibly prescient.

I am jacked to the tits with energy shorts, even moreso now because I’ve augmented and added even more. This is in light of the fact that yesterday crude oil (/CL futures) tagged to the penny my resistance level and then reversed.
