DislikedI've been keeping a close eye on oil market and the etf's waiting for direction and I think we're getting it.
Enclosed is the DIG weekly/daily.
On the weekly we had a sell from the $63 area and found support on the 34 ema at $48 followed by 4 nice weeks of positve closes with macd turning up.
The daily had a big breakout from the downtrend line and is now gaining momentum.
A weekly close above $63.50 and I think we're off to the races with resistance way north of here.
The action I took was to get in now with call options. I bought the...Ignored
I have been looking at USO. Looks to be breaking to the upside. Maybe a target of 44-46 for half a position. Let the rest run with a stop. Or Jan. 39 calls
Illegitimi non carborundum - Noli pati a scelestis opprimi.