Saw a little Monday morning shakeout in oil, and while the hysterical lame stream media was talking about how much oil was down, I was on Twitter calling this slight pullback a "strong buy"
Ultra bloomberg #Crude #Oil pulls back. Strong buy pic.twitter.com/IVl8kPS7IW
— Veteran Market Timer (@3Xtraders) August 9, 2021
$WTIC Think Texas Crude can't trade back to $100?
Natural Gas
$UNG (natural gas fund) Trend remains up. Lower trend line in black.
Biotech is on Fire - up another 2.59% yesterday, and retesting the January highs.
Could go slightly higher, but I'm looking for a big pullback there, and a sector rotation, into something else. This is what they do: They pump one sector, then they dump it, and pump something else. It gives the illusion of a bull market, because the broader market keeps making new "all time highs".
I got short yesterday, but watch the 178 level on the $IBB, if you're looking for short entry
Last week I watched as Cramer told folks not to buy Fastly, right at technical support. Never take advice from a fool!
$FSLY
Opening bell rings in moments. Gotta go. There's a gold chart in the public charts area. Find the link in the side menu.
Good luck, AA
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