Last week we noted the combination of waning momentum and the upcoming sequestration chatter was increasing the probability that the overdue market correction was about to begin. Now the increasing volume on the two down days confirms the short-term momentum is downward.

Volatility Trading Digest – Trend Change

by Ivolatility | Feb 25, 2013 | Trading & Analysis

There are several reasons for choosing USO for our downside suggestion including the fairly high 10 day correlation of 78% with S&P 500 Index along with the recent seasonal pattern that has seen crude oil decline from February – early March highs to June lows the last two years.

Options Headlines

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

More Headlines

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.