RE:RE:Last chance to buy this stock with a 2 handleYou would make a terrible macro trader.
--First China car sales (isn't Canada) but you're reffering to oil demand. It was an increase due to a tax incentive to buy small cars. Car sales in China are actually plateaued and looks like it's about to begin trending down genius!
https://blogs.ft.com/beyond-brics/2015/11/05/chinas-car-market-triple-shock-ahead/
New car sale have fallen 3 of the past 4 months and inventories are at record levels!
--US oil rig count is still way too high, those are rigs searching for NEW oil wells, you act like those are existing wells or something. I don't know if you understand this, but efficiencies out of existing wells has improved greatly and oil can be extracted even cheaper. Stockpiles are at reccord highs and increased another 2-3 million barrels last week.
--Net US imports lowest in over a decade...have you heard of the shale oil boom?? They are pumping oil like they haven't in decades!! Where have you been hiding? When you produce reccord levels of oil in country, you import less!
--wtf connection do you get from rates increasing to a declineing USD? Do you know anything about fx? Raising rates will instantly cause a jump in the dollar, that makes oil priced in USD cheaper! and if the USD was weaker you'd be buying gold!!! You're almost completely backwards on everything you said...