A lot of traders and analysts say the CBOE Volatility Index (VIX) has lost its effectiveness as a sentiment gauge, due to the persistent low levels the VIX has hovered at in recent years. Is this true?
Mike Paulenoff's near-term work on oil, as represented by the US Oil Fund (USO), argues that this morning's high at 46.48 likely ended the upmove off of the 42.56 low.
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