Charts I’m Watching: Feb 18, 2016

Our membership promotion will wrap up in another couple of days.  If you’re tired of taking cues from the perpetually bullish talking heads, this is a great time to take the plunge.  Volatility is high, and we’re racking up some great results [see: HERE.] has provided uncannily accurate market guidance since our first post on May 2, 2011 where we noted a top was close (May 2 was the top) to our latest top call on May 19, 2015 [we were one day early, see: The Last Big Butterfly] and our latest bottom call on Feb 11 [see: USDJPY Finally Relents.]

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This post is a continuation of the intraday comments and trade alerts originally appended to this morning’s Update on CL.

Be sure and peruse that post, as it contains critical components of the outlook for the next week or two.  Also, note that I have updated gold, USDJPY, the Nikkei, and financials in the past week.

I am in the process of updating the current forecast in the wake of our Feb 11 bottom call [see: USDJPY Finally Relents] and should have it posted later this afternoon.

As you know if you read that post, this morning is all about oil — which gapped higher last night in anticipation of today’s inventory report due out at 11:30.2016-02-18 CL 60 0610continued for members


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