Tuesday, December 30, 2014

USO update: model indicates it should bottom within 1-2 days

Backlink shows a model that is working as expected per below.  The odds favor a USO bottom in the $19.50 - $19.60 range.  CJES and RUSL represent more leverage respectively on the coming bounce in oil.  These equities began their bounce a bit before the underlying commodity is modeled to do so.


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