What we do here at RedBridge Capital is track (IMF) Institutional Money Flow through COT reports, block trades and large trade imbalances over time. We then use those levels to identify where Institutions are more likely to respond to those levels based on market risk analysis. Our market analysis in the energy space showed us insiders and institutions were buying crude futures and energy oil names during the 10% correction earlier this year. We accumulated positions back in March 2018 while the price of crude oil was at $62 dollars a barrel. To learn more about our consulting services, please email: info@IMFtracker.com
Back in September of 2017, I posted here in the blog that Financials were in trouble. We did experience some increased volatility in the markets, including the largest ever down day of over 1,200 DOW points but as of today, May 11th, 2018 I am posting that financials higher. In fact, the largest market cap sectors within the market being Tech and now financials will clear the way for new market highs.
So here we are again with a crude rally which started April 10th from $62 as you can see with my time stamped tweets. Now that we are touching $72 We are seeing every bank calling for higher oil prices with some predictions of $100 from BofA.
Question, isn't it better to buy low around $62 and Sell high into these bank calls? Of course it is, because that's what they do. When their making bullish calls publicly means they're most likely created volatility to lock in hedges and distribute most of the positions.
In short, its too late to be initiating long positions now in crude.
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