Can't find a Spy Hunter image with the oil slick, sorry.
Call me silly, but i'm liking some January Credit/Bull Put Spreads on the USO. I have a bearish long term outlook on just about everything, but for the month of January I can be neutral/moderate bullish on oil. The chart does NOT go from the "lower left to the upper right" so Gartman would not approve. Again, not painting a bullish picture on anything, but as a trader I am checking bias at the door. You can either sit on the sidelines (probably wise) or take some shots here and there. There are better ways to trade this strategy though.
You should be licking your chops, rooting for the retailers and all those stocks you missed out [short] on the first time to continue rallying to the moon.
