This video begins with the near-term outlook for the US stock market followed by the longer-term outlook via the monthly charts followed by analysis of gold, crude oil, and some potential developments to monitor in the brokerage sector. Silver or Gold level access initially required.
The entire video, starting with a 26½ minute detailed analysis of the various stock indices (large-caps, mid-caps, small-caps) on both the short-term & long-term time frames (the latter of which paints the bigger picture), can be viewed below.
For those wanting to skip ahead to an update on gold via GLD & /GC (gold futures), start the video at the 26.:48 mark. Coverage of crude oil begins at the 29:19 mark which flows into a discussion about the potential risks that still lurk in the financial markets despite the recent rally as one after another cog in the wheel of the tremendously complex & intertwined machine we call the financial markets breaks, with the recent “breaking” of crude futures causing a ripple effect impacting at least one major brokerage firm, IBKR (Interactive Brokers).
I’ve noticed TD Ameritrade (TOS) isn’t accepting any opening trades for crude June and July. I’m assuming this is true with every broker. So, no one can buy to go long to support the price or drive it higher.
Same here in Etrade its insane they love to let us loose opportunities for tiny guys like us
All Crude contracts UP significantly, yet USO DOWN 10%. Lot of Robinhood-ers must be Pissed !!! LMAO
Just read short selling banned on USO
@rsotc I was told by another professional investor that the S&P has never ( at least in the last 100 years) made a new low after recovering 55% of losses from a bear-market drop of 20% or more. It must recover 55% to be valid. Can you confirm this?
This bear market rally also occurred after the longest bull market in history. I’d be interested to see if bear market rallies correlate with the size of the bull market they follow. If so, that 55% retracement might be expected.
How many depressions have we had in the last 100 years with 5 years of tax receipts injected into the markets at the low? I lived in Spain from 2010 to 2014 and I was surprised how much market intervention they had coming out of the 2008-2009 crash (in particular the government and the banks did all kind of gymnastics to prop up the real estate market). The result of that was a long slow decline. On the other hand the downward adjustment was sharper in the US, but so was the growth coming out. Net net, I think the… Read more »
SPY did that right, recovered 55% of losses from ATH? So they’re saying we’ve seen the bottom?
As in video, good to know @rsotc thinks USO is ok for now.
USO does reverse split 8:1 next week and has modified its objective not to hold near term contracts.
Does anyone know what happens to someone who holds options on it and in a number not divisible by 8? eg. say 20 of the May $4.5 PUTs
usually fractions get credited to your account in cash, however I have seen fractions of a share given as well. Most are cash I think
I am short these PUTs so they cannot give me cash and unlikely to take cash so I guess they could simply assign it prior to reverse split.
I notice with one hour to go volume is only 30% of average!!! Isn’t that a bearish indicator with everything up if not for a fade during the last hour a gap down tomorrow? SPY currently 279.96
This is from Charlie Chaplin movie – hope ppl still know him!
Can USO go to 0, ZERO?
Can USO go to zero, 0 ?