Market News

The market has retracted significantly over the past few weeks  and QQQ is showing signs of entering the oversold region. I'm watching QQQ pretty close right now waiting for some type of rebound on the trend line. PPI was released on Friday showing continuous inflationary growth.  I'm holding my GLD position waiting for it to take off. USO is hanging in the balance right now as the market decide where it wants to push the price. I'm going to give USO another shot since my last position got stopped out. I'm looking for a break of $35.25 or a touch near the 30 dollar region before I renter the position.