Friday Fizzle – Second Down Week out of Three Winds Down

We've seen this movie before – that top channel on the Russell has been upbreakable AND very profitable as we pick our Futures shorts off that 1,050 line.  Russell Futures (/TF) are very highly leveraged and pay $100 per point, per contract so – when we find a nice support/resistance line to play off – we milk it for all it's worth!

Oil (/CL) is also a party at $10 per PENNY, per contract and we played that short at $105 off of Wednesday's inventories and caught that ride all the way down to $102.50 yesterday and this morning it bounced back to $104.50 – because the NYMEX pump crew must LOVE giving us money every day!  

Actually, it's their job to lose money pumping oil and our trading is just a small drop in their global bucket where their scheme is to mis-price oil as high as possible to set the rate paid by 300M US citizens for each barrel that's used to heat your home, provide elctricity or fuel for crops or the trucks that deliver them and 100 other ways they screw you out of every nickel.  I show you this every month and I'll show it to you again – they are FAKING orders for 261M barrels in September (1,000 barrels per contract) and they will cancel about 90% of them over the next 10 days.

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