Article By:
Michael J. Kramer
Sunday, February 17, 2019 11:42 AM EST
This week will be short with the stock market closed on Monday. There will be a showdown between the bulls and bears as several key indexes approach significant levels of resistance which will ultimately decide if stocks continue to advance or not.
In this article: ROKU, IWM, SPY, XBI, XLI, SPX, HGX, CU, AAPL, USO, SQ, MU, BB, INTC, NXPI, AMZN, NVDA, CMG, ALGN, FB, CSCO
The Oil War Is Only Just Getting Started
#OPEC can very well try to appear unfazed but their influence on the global #oil market has been on a decline for quite some time. What we are seeing now is a perfect example of their waning influence. They've gone through considerable lengths with the current production deals in order to prop up the oil price. The end result is a stabilization around $50 - $60. The rebound in US oil rigs ensures that the oil price will never reach its previous highs. $OIL $UCO $USO
Chart Of The Day - Oil Update
Excellent video analysis! I have begun to build a small position in $UWTI and $USO calls.
ETF Investors Are Bravely Buying The Energy Dip
$GDX - $USO spread looks steep, buy Oil sell gold miners?