_SamH_

I'm looking / waiting for a trigger to take the markets higher. Tomorrow's a fed day, and that could be the trigger. Bad oil news late the in day took the /CL down, but chart still looks bullish above the 29.25 level. My projections for an /ES rally (if there is a rally), is to the 1950/1960 level. Gold is doing well and took NUGT with it, but I didn't/couldn't take a position. I'm bottom fishing BRZU and RUSL. Both are tied to oil holding these levels or moving higher. Any recovery in the markets including more 'risk-on' should move these ETF's faster than the S&P.

_SamH_
_SamH_ Feb 02, 16 1:02 PM

Market made it to about 1940 briefly before rolling over missing the lower end of my target range of 1950-1960. Crude oil sold off diverging from the market which held up yesterday. Today's market followed crude lower.

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_SamH_

Market rally did continue, into the third day, if today's rally holds. I'm hearing talks of Wednesday's crude selloff as feeling like capitulation. Sold my UWTI and XIV this AM, but the gains are still holding as of now. We may have another sell-off but looking for the lows to hold. Central banks of Europe, Japan, and China all came out with dovish / stimulus rhetoric. Fed coming out an saying the same should be icing on the cake. Chart's look horrible against the EMAs on the daily chart, but the reversals off the lows should look bullish going forward.

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_SamH_

Seeing good amount of buying after large amounts of selling. We may have a short term bottom here. August lows were taken out, and recovered, so any shorts that were started on the break, will need to be covered. I'm looking for short squeezes, but also careful with the market rolling over and dying again.

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_SamH_

I'm long TVIX but underwater. I think I'll need to cut that one lose soon. Market looks strong, maybe it will take out the range highs, and VIX tends to decline / market rallied into expiration Friday (next week). Market is short term overbought though. If I'm lucky, I'll get a quick decline and close the TVIX. Crude oil remains bid, despite a Goldman Sach bearish call on 30 dollar crude (currently at 50+). I had a decent day trade on WBGS.

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_SamH_

10/7 I let crude rally ... but after the inventory numbers today, crude sold off around 10:30. http://prntscr.com/8ozm2n (DWTI is inverse crude so it spiked up). I took a position in DWTI and sold it before the close. Looking for further decline in crude, consolidation, and trigger to go long (ie. long UWTI).

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