What a surprise.................The Saudi oil minister doesn't see a deal next week. Shocker. Cue the oil shorters on a Friday. This is happening a lot faster than I thought. I did not expect this today but the process has started. I plan to wait until oil is in the $30's and stocks are being panic sold. I'll shorten my outlook to a couple of weeks, let the inventory numbers do their magic (with big builds) and then it will be time to make some money.
Watch for the plunge in the price of oil at or around 2 to 2:30. That will set the juices for Monday morning's big sell off.