Last Update
5/23/2013
USO
UNITED STATES OIL ETF
STAY IN CASH
Last Pattern: BULLISH STOP LOSS
Last Close:
33.5400
Change:
+0.0800
Percent change
+0.24%
6 mo. Rating 1
$100⇨ 110.50
12 mo. Rating 1
$100⇨ 114.33
24 mo. Rating 1
$100⇨ 145.35
Signal Update
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%.
Market Outlook
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.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bearish patterns. The conditions for the activation of the Bullish stop loss are two consecutive highs or a close above the stop loss level of a recently confirmed bearish pattern. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
5/14/201333.7400SELL 145.35
4/22/201331.6800BUY 136.75
4/3/201334.5900SELL 137.02
3/26/201334.2750BUY 136.04
3/21/201333.0500SHORT 141.84
3/18/201333.4550BUY 144.15
2/20/201334.9400SELL 144.44
12/14/201231.6900BUY 131.27
12/5/201232.3601SELL 131.53
11/19/201232.5600BUY 132.61
11/15/201231.4900SHORT 137.83
11/9/201231.6347BUY 139.02
11/7/201231.3100SHORT 141.04
10/26/201231.7900BUY 143.78
10/22/201233.2750SHORT 138.19
10/9/201233.9900BUY 141.73
9/21/201234.5800SHORT 139.91
9/11/201236.1100BUY 146.69
9/6/201235.4700SELL 146.98
8/31/201235.8900BUY 149.02
8/24/201235.7200SELL 149.32
8/3/201233.5699BUY 140.61
7/23/201233.0000SELL 140.89
6/27/201230.1510BUY 128.98
6/20/201231.4290SHORT 124.44
6/14/201231.4500BUY 125.02
6/11/201231.6850SHORT 124.60
6/6/201232.1300BUY 126.86
5/3/201239.3900SELL 127.11
4/30/201239.6800BUY 128.30
4/18/201239.1100SHORT 130.72
4/12/201239.1900BUY 131.51
3/29/201239.9900SHORT 129.45
3/23/201240.6900BUY 132.24
3/14/201240.6200SELL 132.50
3/1/201241.1900BUY 134.63
2/28/201241.1300SELL 134.90
2/3/201237.3050BUY 122.60
1/9/201239.0800SELL 122.85
12/20/201137.3400BUY 117.62
12/15/201136.8600SELL 117.86
12/13/201138.5400BUY 123.48
12/8/201138.4800SELL 123.73
12/2/201138.9200BUY 125.40
11/17/201138.8445SELL 125.65
10/18/201133.6700BUY 109.13
10/12/201132.9450SHORT 112.03
10/5/201130.0971BUY 102.76
9/30/201131.0529SHORT 100.09
9/26/201131.1300BUY 100.74
9/14/201134.3400SELL 100.94
8/31/201134.3700BUY 101.23
8/18/201132.9800SHORT 106.11
8/11/201132.2700BUY 104.24
7/28/201137.9300SELL 104.45
7/5/201137.7599BUY 104.19
6/1/201139.6700SHORT 99.80
† Trade commissions taken as 0.20%.
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