FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

*Versatiletrader, I just expose what the market is saying and how to capitilize on it, today the XOI failed to confirm the record in oil prices which I pointed out, next thing you know oil weakened into the close as did the XOI, and the markets found another reason to rally...

As far as $28. Fundamentally I don't see how that's possible again given the weakness of the dollar and the excessively strong support in the area of $40-$42/barrel. As far as a pullback here to fill the gaps to the downside... quite possible given today's signals...

I'll post this article, thanks for spotlighting it, I'm not taking sides on the oil battle, I'm just attempting to feed out the market signals. We might be close to the inverse of that January move, remember January of which you still held the same steadfast opinion, only problem was CNBC was bashing the oil price as well. Now the thing is, they seem to be pumping it repeatedly and they've already pumped up their oil equities for the big blocks worth $million$ to sell out... so I'm actually beginning to lean over to a decline given today's "failed" high. Tomorrow should be decisive as to which direction we go in the short-term...

But for the record, I don't see anything fundamental suggesting $28/barrel. Refineries are running at 100%, the dollar is terribly burdened with unsurmountable debt, and middle east tension and tension within oil-rich nations still exists.

$28-No...

$40 a possibility...