*XOI & oil are now red for the day! Also note, XOI failed to break to a new weekly high this morning... if oil does slide here and even if it does it sharply, then 'The Trillion-Dollar Head Fake' by Tobin Smith should be a good read... the way the markets trading now reminds me of witches mixing together key ingredients in their soup pots just like this article entails: #msg-5963663
But at the same time, KEEP AN EYE ON THE USD INDEX!!! At this point in time, it's probably smartest to be flat on oils because whipsaw conditions exist and it could literally rise fast or fall fast... crazy market folks... totally crazy...