UPDATE ON INVERSE CRUDE OIL ETF $SCO HEDGE $CL_F $USO $XOP $UWTI $DWTI #OIL

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UPDATE ON INVERSE CRUDE OIL ETF $SCO HEDGE $CL_F $USO $XOP $UWTI $DWTI #OIL

This post was just published on ZYX Buy Change Alert.

There are huge profits on this hedge.  Profits have now been taken on all but 10% of the position.

Consider continuing to hold the remaining position.

(Since the beginning post to initiate this trade was published only for paying subscribers and not on this public blog, huge profits on this position will not be included in the performance statistics of The Arora Report Market Blog.)

The short position on oil CL_F or ETF USO has previously been closed with nice profits.  Short position on oil equities ETF XOP is still active in ZYX Short Sell Change Alert.

We do not recommend UWTI and DWTI for long-term positions due to tracking errors.

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See also  WEEKLY STOCK MARKET DIGEST: HEAVY ECONOMIC DATA AND FED SPEAK WEEK SHOWS INVESTORS OPPORTUNITIES BEYOND BIG TECH

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