Friday, March 12, 2010

Sharp Selloff in Crude OIl

Is this a foreshadow for the equity markets?  I can't get the thought of traders awaiting Mutual Fund Monday and being greeted with a gap down and a Monday selloff.  Market is very complacent right now as all the data is supportive and things look so sunny.  Crude oil is selling off despite the weaker dollar.  Gold has been a laggard.  I think the last stalwart is equities and it is just waiting to collapse.  I don't see it happening right away, but after options expiration, I would not want to be long.

2 comments:

Anonymous said...

Is today OPEX?

Market Owl said...

Next Friday is OPEX and futures expiration.