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. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Tuesday, May 29, 2018
SCO Ultra Short Crude Oil Daily Chart
Here is a great trade that all of you missed out on. Nearly every analyst on Wall Street said oil is headed to 100 during May. That sentiment coincided with positive divergence on the SCO, the 2x inverse oil ETF (negative divergence on the crude oil charts). Keystone bot SCO and watched it launch. Profits were taken and the trade closed out. 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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