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*Oil has formed a downtrend.
*The main drivers are a let up in supply disruptions, drop in demand and a pick up in supply.
*The risk is war.
*For now as long as oil remains in a downtrend we remain bearish.
*We think that the drop in oil may predict a drop in the stock market which can cycle back to drop oil further.
Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES
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