Friday, January 3, 2014

2013 'DELUSION' ends; 2014 opens with a tumble......Crude leads

CRUDE OIL ($WTIC): Daily Chart @ Close 01/02/2014
"Crude’s 2nd Rally the ‘right stuff’ as a fast 5%+ gain (depends on one’s entry point) comes & goes in a matter of hours. What now? 3mth $88 Puts as the easy $ have been ‘booked’ & the ‘bottom- drawer’ 2014 lottery ticket purchased."         THE WEEKLY 12/06/2013

Medium Term View remains the same: a 'spill' in CRUDE all the way into the mid $70's Q1 2014.