the oil jawboning maybe starting up again but it gets more and more obvious. As this round of jawboning may not bounce it too far...oil in pretty clear bear market.
however the oil bounce play pulling the spx is the favorite right now....in fact any bogus played up news bouncing the spx seems very much a bearish indication
EUR also seems very tradable as the trend is pretty clear and lower lows are being made....but then the short term bounce back into 1.075-1.078 range seems also very much expected
Cheerleader here! Lol. Bought back in with the rest of my retirement accounts that was still in cash on Friday and also had a short vol spread on that benefited.
I like the spread...currently long (shorter term calls) on the SPX and DJIA and short RUT and NDX (selling longer term calls on RUT and buying longer term puts on NDX)