Citi VelocityShares 3x Long Crude Oil S&P ETN (UWT)

[Sgreg]

Did it again today. Bought 500 shares this morning at pit open and then sold them all back 15 minutes before pit close. As I stated yesterday the bears are very predictable right now. Been able to made good money just off of knowing what they always do at pit open and close. Eventually though I think they will switch their algos and oil will have a big bounce to upper 50s to low 60s. If OPEC makes the dumb mistake like they did in 2015 and not cut then oil is going to 42 or so. I doubt they make that mistake again though. Just a cut of about 1 mb should balance things again.