If crude oil goes above $60, it will make the equity market very hard to rally. But will it go down big? I don't know, honestly. I don't predict either. I will just trade day by day.
I really wanna think today's rally is a fake one, but after scanning all the stocks, I may give up my bearish stance as soon as tomorrow. Because we have too many individual stocks are making higher highs today, it doesn't look like a fake rally.
I probably agree that oil is going to breakup, but how the equity market is going to respond it or how low the market is going, I would not predict. So I won't put all my farm on shorts now.
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If crude oil goes above $60, it will make the equity market very hard to rally. But will it go down big? I don't know, honestly. I don't predict either. I will just trade day by day.
I really wanna think today's rally is a fake one, but after scanning all the stocks, I may give up my bearish stance as soon as tomorrow. Because we have too many individual stocks are making higher highs today, it doesn't look like a fake rally.
I probably agree that oil is going to breakup, but how the equity market is going to respond it or how low the market is going, I would not predict. So I won't put all my farm on shorts now.
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