I currently hold 4% SSO and 2% SCO (short crude).
The stock market is playing out as completed daily 4th wave as posted in the Weekly and is rallying in line with an I1 buy signal Monday afternoon. I can't short until 3/25-3/26 I1 top or DJI critical support is broken. With I1 positive until at least 2/22 I can only expect an extended fifth wave. The Daily Technical Composite is at -18 which is 6 points shy of a clear sell signal. I'll be using this to exit trade.
Crude is rallying with stocks, so I'm a little behind with SCO but more than ahead on SSO.
The dollar will go nowhere as long as the rush to risk assets continues. Next support is 80.45 March futures.
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