This post was just published on ZYX Buy Change Alert.
The Real Reason For Oil Run
On January 30th, the Rig Count Report showed a larger dip in working rigs than the consensus. This triggered a short squeeze. The short squeeze has continued. According our algorithms, almost all of the rise in oil since January 30th is short covering. The problem with short covering is that unless there is a new fundamental development, short covering eventually losses steam. Then the commodity typically falls to form a lower low. Especially when there is light volume prior to the onset of a short squeeze as is this in case in oil.
The Plan
The Plan is to aggressively accumulate energy stocks, commodities, currencies, and countries but at much lower prices.
As an example, once in a lifetime opportunity may be ahead to buy Nigeria.
Please stay tuned to the Real Time Feed for details.
It is time to reduce energy positions for the short term so that there is cash available to buy more at lower prices.
What To Do Now?
Those who have followed our calls need not do anything at this time unless there is a specific post on a position.
Those who did not reduce energy positions in response to our last call to do so, may consider taking advantage of strength in energy to reduce energy related positions.
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