Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. VIEW IN GOOGLE CHROME BROWSER. DISABLE YOUR ADBLOCK SOFTWARE.
Wednesday, January 30, 2013
USO Oil and SPX Moving in Lock-Step
The oil, copper and commodities push higher over the last couple weeks, as the central banker pumping creates new asset bubbles, is providing rocket fuel for markets. Over the last month, oil (the USO is an ETF proxy for oil), the blue line, and the SPX, green line, are moving in lock-step higher. Higher oil = higher equities. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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