**This is a trade we were preparing late Friday, but was not able to put on before the market closed. USO has now opened down today, but we want to put this trade on. Current price $11.06. All charts are from Fridays close… It appears that the general market is still needing more downside action.…
As you know, we think TLT which is the 20 yr Treasury ETF, will continue to work lower, which will keep interest rates rising. We also short VNQ which has begun to act much weaker in the last few weeks. SPG also is a REIT that we think could face headwinds in the weeks ahead.…
The Wyckoff Wave was down for the week. Volume decreased slightly again. The O-P was down for the week. The Force Index was down for…
We have been short VNQ from lower prices, but we have stayed short as we felt like the rally was suspect. The sector has shown short-term relative weakness to the general market. So far the ETF is now looking much more bearish. The first chart is the daily chart. As you can see we are…
The Wyckoff Wave closed the week down sharply, on low volume. For the last week and a half, the Wave had met resistance at its…
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