Oil sinks, market rallies… Oil rallies… well, market also rallies. Any folks out there still trying to find the correlation between the two to trade off of, would be better to quit now if they’re already ahead of the game. Perhaps there’s a little more to it, though, because the Nasdaq did show signs of accumulation, and being the leader that it is, other indices followed behind, but on weaker volume.
The effect on TVO is that it continues to fall even though HG was well below frigid temperatures from today’s pop. OurThe indicator descriptions in the above graphic represent general market sentiment and are not the actual TVO System signals. To view today's active signals and options trades, please Login. Not a Member? Join us.