Friday, October 8, 2010

USO Update

Crude oil (USO) has accelerated its recovery from Thursday's decline and is showing bull phase on both Person's Proprietary Signal (pps) and the fast stochastic.

The parabolic sar never left bull phase, despite the velocity of Thursday's price drop.

See my analysis from this morning for a detailed discussion of crudes merits and demerits.

Note that the pps is prone to a phenomenon known as "ghosting", where it can disappear int he middle of a trading day. So, although it's visible at 3:23 p.m. Eastern, that's go guarantee that the signal will hang around until 4 p.m.

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.


  • pps - Person's Proprietary Signal.
  • psar - Parabolic Stop and Reverse
  • ma20 - 20-day moving average
  • ma200 - 200-day moving average
  • macd - Moving Average Convergence-Divergence
  • sto - Fast Stochastic

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