Anybody else notice the divergence between the price of oil and the ETF that tracks oil (USO) towards the end of the week? These two charts should always trade in tandem, and they normally do, but there is some recent strength in the price of oil and USO hasn’t joined in the party yet. While I don’t have much of an opinion as to what should happen, I think it’s important to note and be wary of any position you may have in this trade. Whenever I can’t explain the action of a position I’m investing in, I steer clear of it altogether.

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