oil cannot move up and that is a huge sign of things to come, once oil breaks $40 this market and world economies that depend on oil as their bread and butter are going to start to collapse.
Just sold XIV around $47 and SPXL at $90, that means market should turn green in about 28 minutes....made profits on both but was hoping to see at least a triple digit open this morning to really sell at a higher profit, still made money though....the triple digit open will probably come tomorrow since I have sold off both XIV and SPXL this morning. as soon as I sold off SPXL it jumped .50 in less than 31 seconds...
Your post reminded me of: http://www.businessinsider.com/jeff-gundlachs-december-2014-call-on-oil-2015-8
And amid a broad rout across the commodity complex, the structure of the oil market has changed and almost everything seems to be working against it. Read more: http://www.businessinsider.com/the-new-structure-of-the-oil-market-2015-8#ixzz3ihmhXQJJ
Well off the lows....same thing everyday, look for the rally off the lows into the lunch hour east coast time.