Headlines & Special Reports

Take Profits from the Short Oil Trade: Proshares Trust II (NYSEARCA:SCO)

Take profits from the Short - Oil Trade.

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The VIX Just Surged; Should You Care?

Although buying CBOE Volatility Index (INDEXCBOE:VIX) related ETFs like iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX) and ProShares Trust Ultra VIX Short Term Futures ETF (NYSEARCA:UVXY) are some of the worst investments I know of, the VIX often offers us information that we would not get from looking at the general market, and Tuesday was no exception.  As the day progressed the markets pressed higher, but after the middle of the trading session, although the markets were still higher, the VIX began to surge.

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The Non OPEC Meeting was a Material Disappointment.

The non OPEC meeting was a material disappointment.

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The Non OPEC Meeting is a Non Positive: UCO and SCO

The agreement Opec reached to cut oil production that surprised most of wall street, not us, is predicated on the participation of non Opec producers like Russia and Oman, and on Saturday those non Opec producers will meet in Vienna to attempt to reach an agreement to collectively cut 600,000 additional barrels in conjunction with the cuts negotiated by Opec already.

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Closing the Oil Trade: Baker Hughes Incorporated (NYSE:BHI) and ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO)

At Stock Traders Daily, on Monday we officially recommended that clients take profits from their oil related trades. On Nov. 2, we issued buy recommendations on oil and oil stocks in advance of what we anticipated to be a blockbuster OPEC deal that would spur oil prices from bearish to bullish.

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