We've been waiting patiently for an immediate-term TRADE overbought signal to re-short oil on - here it is. Oil’s bearish TREND remains courtesy of #StrongDollar. As for gold, it remains mired in a Bearish Formation after failing at $1424 immediate-term TRADE resistance yesterday. We remain The Gold Bears. Bullish on Growth.
Takeaway: We shorted oil (OIL) at 12:00PM at $21.86. We also shorted gold (GLD) at 2:33PM at $135.09.