Posted by fredsaid on 11th of Mar 2021 at 09:24 am
Agreed. Still a valid possibility that the QQQs on the
monthly want to test their 200 DMA down around 290-288.
Looks like ECB announced it wants to hold down rates via bond
buying and the fed may follow suit trying to hold the 10 yr down
but so far they have not committed to that and ultimately with oil
continuing up it will be difficult to stop. I hope we get a
massive rally in the QQQs today to add to my SQQQ 4/1 puts.
i've been following the market and rotating into Oil names,
WFC (See my comments where I saw 42 by next week), also
holding GLD, RIOT, BA,URA and DBC. As Matt stated last
night, I agree that Oil could easily see $100 this year which means
that all the oil names will make new 52 weeks highs - looks to be
the best play over the next few months.
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Agreed. Still a valid possibility
Looks like VOMMA will close above 110, unless something crazy ...
Posted by fredsaid on 11th of Mar 2021 at 09:24 am
Agreed. Still a valid possibility that the QQQs on the monthly want to test their 200 DMA down around 290-288. Looks like ECB announced it wants to hold down rates via bond buying and the fed may follow suit trying to hold the 10 yr down but so far they have not committed to that and ultimately with oil continuing up it will be difficult to stop. I hope we get a massive rally in the QQQs today to add to my SQQQ 4/1 puts. i've been following the market and rotating into Oil names, WFC (See my comments where I saw 42 by next week), also holding GLD, RIOT, BA,URA and DBC. As Matt stated last night, I agree that Oil could easily see $100 this year which means that all the oil names will make new 52 weeks highs - looks to be the best play over the next few months.