28Jan12:45 pmEST

Good Enough for a Quick Trip

It may not prove to be anything more than a temporary bottom, but the crude oil ETF, below, not he 30-minute timeframe is back over its "neckline" of a near-term inverse head and shoulders bottom. 

In addition, as we have been tracking, equities are responding in kind with a secondary rally off the morning gap-and-fade. 

For now, it is tough to see bears making headway in the short-term as long as USO stays over $9.40, with a move up to $11 now within shot. However, avoiding a late-day fade is also a big issue, considering the price action we have seen of late. 

AMZN earnings tonight after the bell should add further risk into the mix. 

I will cover those topics and plenty more for Members in my usual Midday Video. 

A Lone General Pick a Side to Win Out


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