Great comments, thank you Matt.

Well, the SPY is on a sell too (not as negative as IWM), but again the month isn't over, and I assume the signal is not confirmed until then.  The IWM was positive as of the last day of trading of November, as was the SPY.

Thanks Matt, I'm looking at it now.  Using freestockcharts.com, there are two ROC indicators available, one being a percent, which I gather is the right one.  The ROC on my chart says it's at -0.7, so on a sell already.  But because it's a monthly chart you have to wait until Jan 1st to get the final signal?

Thanks.  It's a swing short, not a big position, I won't lose much if I close.  Maybe look to re-enter later.  Or I could hold out.  Europe plunging into recession surely would not be good for oil prices.

I am still holding a 1/2 position short on USO.  It will hit my stop loss unless I change it.  Matt, Steve, anyone, thoughts on the USO chart?

on my Fidelity chart I have seven days where SFG was over 34, and five days over 33.60, all within the month of November .  The BPT/stockcharts.com chart does not show the same thing.  Totally affects the validity of the breakpoint line on the BPT chart.

y lo mismo a ti!

Thanks cw12 and Tom, for good words of advice.  Much appreciated.

FRT

No fair, you changed the chart! ; )

HMSY moving well.  Was a favorite of Dan Fitzpatrick's on a pullback.

Matt or Steve, VLO and HFC have been coming down, do you see a swing there at some point? thx.

There goes IMAX, hitting my stop.  Just about every long now stopped out!

What's the quick/easy way to get the SPY equivalent?

If so, price is starting to get attractive for a longer term hold.

Yes, thx for the chart!  I had not been watching my USO trade (Matt's trade).  Saw your chart and took profits @ 37.80, and took a small short.

Well, I would still go back to Steve: if we close above a 50% retrace of yesterday's candle, then go long w/ a stop below yesterday's lows.  Otherwise we go lower.  How far down? I don't know, but I'd be looking for an entry long (w/ a stop below the low of this move), since this has the feel of an ABC correction (if you agree w/ Matt's charting).  I have seen so many bigger picture predictions/guesses on this blog and elsewhere that have not played out, that it seems best not to weigh in, much less bet, on such things.

Rather than hazard a guess, and since there are so many points one can make on either side, I will go w/ Steve's addage:  just respect the message of the market.