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Monday, March 7, 2022

Market Update 3/7/22 - Another Fund-Redemption Monday

 I don't have much time this morning, but it looks like we're going to see another little whoosh at the open, on a bearish IMF (International Monetary Fund) news release, over the weekend. 

That's a buy the Fake News news event, and the timing of this news release is specious. 

IMF warns of economic fallout to Ukraine invasion CNN 

I'm liking the Bloomberg 2X Oil bear, at the bottom of the range, despite any further weakness this morning. 

$SCO - looks like we could see another little washout at the open. 

$XOP Energy looks like it's in wave 5, and wave 5's can take a very long time to complete, so we may only see a little pullback.... 

 I'm liking the broader market, and would even go so far as to start selling the $VIX, by buying the $VXY 


That's all I have time for this morning. I'll get into why the globalist psychopaths who think they run the world, are upset about Ukraine, in a future blog. 

 Good luck, AA 

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