Here's a short-term trade for crude, as the longer-term trend in oil remains bearish.
Ecuador had asked OPEC for permission to produce above its quota, but it was never answered. It matters little to OPEC -- but for Ecuador, it no longer serves its interests to be part of this bigger organization.
The technical pattern of the indices actually looks quite promising, but under the surface is a different story.
Dozens of beaten-up stocks could see tax-loss selling into the end of the year; here's a preview of some that could make up the next Tax Loss Selling Portfolio.
A new technical look is warranted.
Let's check those charts.
Like central bankers, the equity markets seem oblivious to weakening global economic conditions that indicate a recession already is here.
Plus, here's a strategy for investing in oil that even the retail investor can employ.
The Saudi Aramco and WeWork deals are postponed, thankfully, but there is another bad trend emerging that's worth watching.
The stock price was already moving up ahead of this supply shock.