Oil may be in a big trouble

We all know oil has a great run for the year. Although the government does not even include oil in the inflation index CPI, we all know how much impact it has directly on our daily life expenses. Virtually everything we must consume for our life has jumped to the moon in the past year and a lot of those increases are directly or indirectly boosted by the high oil prices. 

But I think the good time for oil or energy in general has probably run to its end. The key issue for oil is that all the positive factors for it have already been priced in but the biggest risk to it, the cooling economy or even a recession, will significantly dampen its demand that has a heightened expectation already built in. As such, I think oil will come down a lot from the current level and I won't be surprised to see oil in $80s in the months ahead. The oil price chart has already shown the bearish trend for it. If you are still betting on a bullish trend for oil and energy at the moment, good luck to you. For my money, I'm short oil!!

Another rip-your-face-off rally is ongoing.....

The price action for the market is quite bullish as expected and I think there is a good chance we may see SPX challenge the 4100 level before this bullish run is over. 

I'm glad that I advised my DW Family to buy when the market was tanking last week. 

Not sure how many dared to buy when the general mood was overwhelmingly down to the toilet or you can call it a depression at that time. But that's usually the best time to buy when no one wants to buy. As the Street cliche goes: when everyone who wants to sell has sold, the only ones left are those who want to buy. That's usually the time the market will go up and often explosively. It seems we are in such a time. Of course, chasing here could be risky as the market has the habit of punishing most people the most. I won't be surprised to see a sudden mini crash of the market to shake out those who are chasing. Stay long with caution!🤗😂

My vacation this year....

Times are tough all over…

 

True, the national average price for a gallon of regular unleaded gasoline is back below $5 this morning. But the effects on one's standard of living? They still sting.

Here is where I can afford to stay now when I'm traveling.....😩🙄