When There’s Blood In The Streets

You surely have come across the old aphorism coined by the Baron Rothschield, an 18th century British nobleman and member of the ultra secretive and original one-percenter Rothschild banking family: When there’s blood in the streets – buy property.

However that does not mean you should blindly step underneath a falling sword. Either you know something nobody else knows (which is illegal but clearly was the modus operandi of 19th and 20th century tycoons), OR at minimum you need to see some technical context that justify jumping into some lottery tickets. Given the level of fear across various verticals today I set out to take advantage of the situation. And I did find three charts that tickled my fancy. One of which I’ll throw out for free:

You probably guessed it – crude. Not much context here on the daily but we are dangerously close to the 50 mark and that’s where we also find the lower 100-month Bollinger. Will we see 48, 45, or even lower? I really don’t know but wipe outs like these are usually where I start looking for some short term context. I do like the hourly panel (very left) and have taken out an experimental 1/2R with a stop below today’s lows. Heck if I’m wrong we’ll be pumping gasoline for free by the end of the year!

FYI – in that context: Here in Spain gasoline prices have barely moved despite a drop of crude from 104 to 54 in a bit over a month. I can’t say that I understand all the dynamics of crude production and refineries but I do know when I’m being gipped.

Anyway, two more lottery tickets below the fold:

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Play these setups with only 2R combined max – if you want to be conservative reduce your exposure to 1R total. We are talking lottery tickets here people!

Cheers,