September 9, 2016

TAKE PROFITS ON OIL AND EXIT THE POSITION $USO $SCO $CL_F $DWTI $UWTI $XLE $OIH $XOP #OIL

TAKE PROFITS ON OIL AND EXIT THE POSITION $USO $SCO $CL_F $DWTI $UWTI $XLE $OIH $XOP #OIL

This post was just published on ZYX Short Sell Change Alert.

Oil is short using ETF USO from $11.02.  In the alternative there is a long position using ETF SCO from $82.50.  As of this writing USO has fallen to $10.59 and SCO has risen to $89.

As we shared with you at the time of taking the trade there was  high risk due to potential of rumors arising from Russia and OPEC.  Rumors often tend to rise over the weekend.  In view of the risk ahead, it is simply prudent to take profits and exit the position.

Consider taking profits on USO in the zone of $10.42 to $10.66. 

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WEEKLY MARKET DIGEST: N. KOREA NUKE AND ECB CAUSE DROP IN STOCKS, SMART MONEY WAKES UP IN OIL $DIA $GLD $QQQ $SLV $SPY $TBF $TBT $USO

  WEEKLY MARKET DIGEST: NORTH KOREAN BOMB AND ECB LIKELY TO LEAD TO DROP IN STOCKS, SMART MONEY WAKES UP IN OIL $DIA $GLD $QQQ $SLV $SPY $TBF $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report

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NORTH KOREAN BOMB AND ECB LIKELY TO LEAD TO DROP IN STOCKS, SMART MONEY WAKES UP IN OIL

This is what you need to know today.

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