ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[tw0122]

Yes indeed took the chart advice and was back out in $6.20s on Friday as the PPT team in my opinion started coming in strong at the end of the day to relieve the selling pressure. These Volatility trades are mostly limited time frames now a days unless you want to give the house all your money. So much for hedging.
Bitcoin chart reversal should start lifting bitcoin related stocks again next week.

Well now the financial media portraying the ship in The Suez Canal will be stuck for weeks although there isn’t that much Oil trapped in the stuck Cargo ships per Wolfstreet.com data report of exactly what is in each trapped delayed cargo ship.

This being the case they will need to create more oil attacks to keep Crude Oil going higher. And we did see another Houthi drone attack on Friday March 26 which lifted Crude Oil 3% by the end of Friday’s trading session.

Of course higher Oil prices gives the Fed a fake inflation cover. They can blame inflation on rising oil prices and not money printing. So we should see many more oil attacks by the powers to be in 2021.

Buy any oil dips in my opinion because they ain’t done propping up these prices especially if you read the article where the Big Banks like JP Morgan and others have $3.6 trillion invested in the Oil and Gas sector.

Happy green