Yesterday I posted The Loonie Chart ( that’s what we call the Canadian dollar up here because its a coin and there is a loon …(kind of a duck)…on one face.)

The Post was originally meant to Highlight a “surprising” breakout in the Canadian Dollar….even in the Face of Oil’s weakness. But alas we got sidetracked in emotions.

Today the breakout has become even more pronounced…basis FXC ( the ETF which tracks the Loonie)

Here is the Chart with Oil superimposed…how’s that for a co relation…they are virtually identical.

Lost in the ensuing brouhaha (which apparently was all my fault )..is the fact that this is likely very bullish for Oil.

I closed my Plunger Oil Shorts yesterday for a Huge windfall ( Thanks Plunger) (more than makes up for Rock Losses of late) based on this “surprising” divergence.

Anyhow….Hope someone out there finds this useful information….

Unfortunately I have become Public Enemy Number 1 …Even though Audept and I built this Tent where everybody can come for free and learn some great trading ideas daily. Some like the free part…but don’t dare “promote” a pay site that pays the bills…Just give me free !

Well at least this little guy still loves me …I built his “Tent” too…with a little help from me friends

He really appreciates it even though he too gives me “shit” from time to time.

I know ….. we get along so well because we are Both Jackasses.

heeeeehaaaaww