the market is still holding up the gains...but i suspect that this action will continue on monday, as institutions come back to take profits.
TLT....or bonds is up...all time high...signaling continued shift to risk aversion...meaning this bullish action in stocks may not last for long.
VIX is approaching its headline of possible double top formation at 47ish....would be interesting to see it bounce up again soon, signaling market may be reversing soon.
Oil is down with opec to cut production further....i suspect it to be the same relationship as interest rates...when interest rates go down, the market tend to go down with it. But I feel like building a position in oil...after selling all of DXO at close to the last high...so again I picked up 100 shares of DXO at 3.57. I will keep buying small lots as oil goes down. USO..major support at $40 level...may be once in a life time to invest in oil...
