The Big Picture: Mar 19, 2021

We finally saw the first big selloff of the tumble in oil and gas prices we forecast months ago [see: Jan 13 Update.]  Though the technical damage isn’t that great yet, it’s only getting started. I’ll focus today on how the decline in oil/gas should play out over the next several months and how other sectors of the market should react.

I think the writing is now officially on the wall: the Fed must tread very carefully, especially over the next 4-6 weeks. The good news is that there should be some excellent swing trading opportunities and there is still plenty of time to position for them.

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password