TLT As per last Friday's Alert, TLT triggered a Sell Signal below $95. Note that a perfect storm of higher interest rates, higher energy prices and higher inflation would feed the fundamentals underlying a crushing Wave 3 Down across global economies. We'll look at energy below. 10 Year US Gov't Yield Crude Oil - USO Crude Oil is on a trend model Buy and about to break out of a longer term wedge formation with USO close behind. They should move together, starting with Crude breaking out above $95 this week. If it does, we want to be Long USO calls and/or UNG calls. I expect most of this week's action to be based on Tuesday's election results and then a double whammy later in the week with CPI. The last six weeks of this year could be volatile as the stock market is on course for, in the words of Paul Simon, "A deep and dark December (I Am A Rock, circa 1966). Crude Oil Natural Gas (UNG) UNG Buy Pending - Needs One more Up day USO Trades Pending We want to be Long USO Dec 16th calls on either/or a breakout of Crude Oil above $95 and/or a close of USO above $78.00. UNG is also a Buy, but it too needs at least one more up day to trigger. USO Dec 16th $80C (3.25-3.35) UNG Dec 16th $25C (2.45-2.55)
