First I need to apologize for not posting this last night so you could act on this by 11:30am this morning. The International fired a buy signal on Tuesday once it broke above the CBL, 50 day moving average, and the red downtrend line. No matter what happens from here, we will also have a higher pivot high and a higher pivot low. Today all we needed was that price stayed above the red downtrend line and it was a go. So that did happen, and now the I-fund is an official buy on the daily chart.
Weekly there is still work to do. Monthly? No matter what happens in the next few days, monthly you would have to wait until February 27th to make a decision and then Monday March 2nd, make that move.
Just trying to keep you in the loop.
Fuel prices? Did anyone notice yesterday at the pumps prices jumped 10 – 16 cents over night? Well they did in some places. Not counting today, the stock price in USO was up 19% in 3 days. Today? Haha, it’s giving it all back. I wonder if prices at the pump will fall 10 – 16 cents over night. I’m the answer is obvious. NO!!
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