So I was reading the all vix all day report.... I think they call it adam's options. and he sugjested a Low vix bais next week.... does the low volatility mean a higher SPX next week?
Valuation is great on RIG!!! ton of cash, could do a special dividend.... bla bla bla
Lets talk out oil.... Seems like it wants to retest 110, so based on my Econon-chart astrology. it should hit 110, bounce to 113, then back down to 110... then break through... ETA How about tuesday?... Then it breaks through and works on $100????
Would that bring the market to a Peak?
Will traders want to be long Oil into the weekend?... some Nigerian could Stub a toe? or we could see some invasion of an oil country, that could bring prices down $5?
Friday, August 15, 2008
Outlook Oil/markets
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