SPDR S&P 500 (SPY): I am not sure about surge, but bounce fo...

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thunderbird2004

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thunderbird2004

Re: livinginthelimelight post# 177164

Monday, 01/11/2016 11:46:24 AM

Monday, January 11, 2016 11:46:24 AM

I am not sure about surge, but bounce for sure. I think at some point, market will start looking at lower rig counts as less future production. As we keep reducing rigs, we will be helping to reduce the supply glut. Right now market still see lowering rigs as bearish for oil when in fact it is bullish.

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