One Last Mad Scramble

The oil market is having a frantic time in putting in its top. This is the thirteenth day in the 133 to 139 area.  One day it is Nigeria, one day it is Israel/Iran, this is coming to a frantice end this week.  S&P ranges mentioned yesterday hold.  Interestingly the most overbought ETF’s at the moment are the double short stock indexes, even more overbought than oil.  Think about that for a moment.

7:57 AM CDT