Loading ...Barring. a war, it seems. to me like the oil rally from $54. to 57.50 has run its course and crude’s. gonna go down and test the $54 level again
https://futures.tradingcharts.com/marketquotes/CL_.html
I. also think VXX is. probably a buy right now seeing how the. Fear N Greed indicator has been near 90% for a while and. selling volatility is at the same. level it was before the great one day wipeout of a year or two [?] ago
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FROM NOV. 11TH===Commitments of Traders (CoT) large speculators, who are notoriously on the wrong side of the trade, are once again at a record-setting VIX futures short position this week. I expect any short-term pullback that would create a rapid uptick in volatility would be followed by aggressive covering in these positions and likely reallocating to equity positions.
Finally, market breadth has seemed to lag what we would expect in a traditional breakout. The percentage of stocks trading above their 50-day moving average has yet to break out with the broader market, while the percentage of stocks trading above their 200-day moving average is approaching overbought levels. Some strategists have pointed out the divergence in the percentage of stocks trading above their 50-day moving average this past week, but I wouldn’t look too far into the divergence. First, I think this is the wrong way to look at the indicator. We’re still trading near the higher end of the range of its historical range at 66.53%.