Replies to post #179897 on SPDR S&P 500 (SPY)

[imiloa]

re: oil heading higher, does seem so.
question is, how high can it go while the Saudis are still dumping supply on the market?

given the strength yesterday, i held my UWTI over the weekend
to see what happens monday.
but i'm still keen to exit soon as it seems unlikely oil can regain much ground while the Saudis are keen on economic sabotage of Iran & Russia.


re: gold, got the chart and replied. thanks!

re: market trading higher, hopefully.
i got jan29 195 calls yesterday on the notion that the bounce from OS is in progress.
planning to exit monday, tho,
in case AAPL earnings anxiety kneecaps markets on tues.
and/or FOMC reiterates multiple rate hike plan on weds.

[thefranchise]

Why would oil go up more. It bounced 15-20% in 2 days. Did oversupply magically go away?