Republic Risk: When Will Oil Bottom Out?

It's time for the U.S. government to start buying crude to refill the SPR. That will act as a nice boost for GDP.

Equity Index Strength Is GREEN on the S&P 500 and GREEN on the Russell 2000

Each morning, we assess the full flows of the market by measuring statistical metrics on a very specific number of stocks to determine broader sentiment and the momentum trend. When these readings turn red, we focus on cash, build trades around positive sectors, or take inverse positions against indices. When it is positive, we focus on short-squeeze stocks, companies with improving fundamentals, and trading/investing around the actions of corporate insiders.

The Dow is sliding for the fourth straight day as investors prepare for tomorrow’s jobs report. Bitcoin has sucked all the oxygen in this market, as the world’s largest cryptocurrency surged above $44,000 yesterday. We’re keeping a close eye on oil after it dipped under $70 yesterday, and investors are worried about weakening demand in China and the United States. Energy remains our lone negative sector.