One Reason Not to Trust the In-Day Stock Market Bounce Back

Because as Heisenberg explains, the ramp up in crude oil happened on Saudi jawboning; and because the S&P 500 went up at the same time, seemingly in sympathy.

I don’t really care because I have positioned in order not to really care until the market chooses a direction (my defensive stuff was doing just fine even on the hard down), but to me this is suspect.

spx uso

Subscribe to NFTRH Premium for your 40-55 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH, StockTwits, RSS or sign up to receive posts directly by email (right sidebar).