Our system’s recommendation today is to STAY IN CASH. The previous SELL recommendation was issued on 5/14/2013, 9 days ago, when the stock price was 33.7400. Since then USO has fallen by -0.59%.
The bullish zeal that triggered the bullish stop loss is now over. The bears are back with vigor and strength. The market action once more proved the wisdom of our strict confirmation rules by avoiding a bull trap. Besides, the signal is suggesting to STAY IN CASH. It is best to follow the signal and wait on the sidelines while looking forward to a genuine bull run.