A hopium market is a market that is guided by the addiction to false hopes. Crude oil did rebound late in the week with the stock market, and closed the week higher. Those of my readers who followed the four-week dollar-cost averaging plan I recommended before Christmas are still 75% long at an average value of 2497 based on the S&P 500. On February 25, 2019, my order to sell 25% of the position was executed when the S&P 500 moved above 2805. As a stop on the position, I would sell the remaining position if the S&P 500 has a weekly close below 2712, which is the current Quarterly Pivot.

Source: Forbes June 10, 2019 11:26 UTC