A NEW IDEA ON OIL USING DOUBLE LEVERAGED INVERSE ETF SCO $SCO $USO

A NEW IDEA ON OIL USING DOUBLE LEVERAGED INVERSE ETF SCO $SCO $USO

This post was just published on ZYX Buy Change Alert.

Please start out by reading about API data in today’s  Morning Capsule.

EIA inventory data was just released and is highly bearish for oil.  The risk in the trade is twofold.

  • The momo crowd continues to buy oil aggressively in the face of bearish data.
  • (SCO) is a double leveraged inverse ETF and does not always track oil well.  The trade works better by short selling oil ETF (USO) and a signal has been given to short USO in ZYX Short.   However, we understand that many investors are not able to short sell.   It is also important to not short sell without first learning the risks and learning how to control them.

Oil is one of the most volatile commodities. For this reason this trade in SCO is suitable only for aggressive investors who understand the risks.  The buy zone for SCO is $18.52 to $19.98.  It is trading at $19.78 as of this writing.  The first target zone is $21.73 to $22.56.  The second target zone is $24.83 to $31. 18.  Maximum recommended position size is 15% of full core position size but consider reducing it based on your personal risk preference.  The stop zone is $16.43 to $17.48.

A knowledgeable investor would have turned $100,000 into over $1,000,000 with the help from The Arora Report. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 2% of the content from our paid services. …TO RECEIVE REMAINING 98% INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES, TAKE A FREE TRIAL TO PAID SERVICES.

Please click here to take advantage of a FREE  30 day trial.

Check out our enviable performance in both bull and bear markets.

FREE: SUBSCRIBE TO ‘GENERATE WEALTH’ NEWSLETTER

Related Posts

WEEKLY MARKET DIGEST: BACKWARD LOOKING STRONG JOBS NUMBER REINFORCES THE NOTION — STOCKS ONLY GO UP $DIA $GLD $QQQ $SLV $SPY $TBT $USO $PFE $MJ $MRNA

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: INCREASE CASH — AMERICANS EARN AND SPEND MORE BUT DATA WEAKENS IN VIRUS HOTSPOTS $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: SHOULD YOU DISREGARD RISK AND BUY THE STOCK MARKET MOMENTUM? $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: HERE IS A COMMON SENSE APPROACH TO INVESTING AFTER THE SELLOFF THIS WEEK $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: SHOCKING RISE IN NEW JOBS — THE BIGGEST MISS EVER IN ESTIMATES $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

AFTERNOON CAPSULE: IF ADP DATA IS CORRECT, RECESSION IS OVER $SPY $DJIA $DIA $QQQ $GLD $USO $GDX $SLV

Paid subscribers to The Arora Report receive the Morning Capsule every morning before the market open.  They also receive the ...

WEEKLY MARKET DIGEST: POTENTIAL VIRUS MUTATION, CHINA HONG KONG POWER GRAB CHALLENGES TRUMP – STOCK MARKET OBLIVIOUS $DIA $GLD

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: PAY ATTENTION: FED CHAIR SAID SIGNIFICANT DOWNSIDE RISKS AHEAD $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: STOCK MARKET MOVING UP ON HOPE OF A PERFECT ‘V’ SHAPE QUICK RECOVERY IN THE ECONOMY – NOT SUPPORTED BY THE DATA $DJIA $GLD $SPY

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: TRUMP WANTS TO PUNISH CHINA FOR CORONAVIRUS – HERE IS WHY THE STOCK MARKET INVESTORS SHOULD BE CONCERNED $DJIA $GLD $QQQ $SPY

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: HERE IS HOW TO NAVIGATE THE STOCK MARKET, GOLD AND OIL $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: WALL STREET WOULD HAVE YOU BELIEVE IT IS ‘SAFE’ TO GO BACK IN THE WATER – CORONAVIRUS DOESN’T MATTER; DON’T BUY IT $DJIA

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: BEST STOCK MARKET WEEK SINCE 1974 BUT THE BUYING IS SHORT SQUEEZE, GOLD ROCKETS $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: BUYING OPPORTUNITIES – WILL THE ‘MOTHER OF SUPPORT ZONES’ IN THE STOCK MARKET HOLD? $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

INVESTORS: DON’T BE FOOLED BY THE BUYING IN THE STOCK MARKET DUE TO DUBIOUS OIL SURGE $DIA $DJIA $AAPL $MU $USO $AMD $MSFT

At this time when coronavirus cases have topped one million worldwide, investors are trying to figure out what is next for ...

WEEKLY MARKET DIGEST: HERE IS WHAT SMART MONEY IS DOING WITH STOCKS, GOLD, OIL AND MARIJUANA $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: SHORT SQUEEZE AND QUADRUPLE WITCHING STOCK MARKET RALLY FAILED AS WE HAD CALLED $DIA $GLD $QQQ $SLV $SPY $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: HERE IS HOW TO PROFIT FROM CORONAVIRUS RELATED STOCK MARKET VOLATILITY, VICIOUS SELLING IN GOLD AND BONDS $DIA

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: INCREASE PROTECTION OF YOUR LONG TERM STOCK PORTFOLIO, SMART MONEY BUYING GOLD $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WEEKLY MARKET DIGEST: HIGH ANXIETY AMONG STOCK MARKET INVESTORS — HERE IS HOW TO THINK ABOUT IT $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

Follow

Get every new post delivered to your Inbox

Join other followers