Oil has had the largest rally I have seen in a long time and it is looking more and more like we need to consider a capitulation may be coming in the form of a dollar exodus (which was very mild so far, overall dollar pattern looks consolidative sofar) and some sort of emotional equity market reaction if that were to occur...the problem is that at this time the dollar should not be pulling back hard and transports should hold below the breakdown attempt...currently they have bounced nicely off the 50 day MA...all very interesting and disorienting...just what you would expect at a change in direction.
This market is unbelievable to swing trade...day trading is the only option with the market like this.
