Hopefully see you soon again oil. Thanks for treating me well as always. :hug:
I just found 30 shares of TVIX in my old Ameritrade account. Puchased at $30 per. Current value $1.42. Completely forgot about them. 
Least they’ll be a write off if I dump 12/31…
HAHAHAHAHAH That is solid. TVIX is like a nasty case of the herp. Never sure when it’ll flare up and burn ya.
Started moving some money around today :snky: Nothing too exciting most of my investing is geared toward early retirement. Started moving things back into the market as the house search seems unattractive at the moment so no sense in having that kind of money sitting in cash not working.
Oh and more oil(new trade) haha. This could get ugly
Who thinks this sell off is going to continue? People seem really bummed on earnings. Im not personally touching tech buy it might have some good value.
Are you long CL?
http://finviz.com/futures_charts.ashx?t=CL&p=h1
Hourly chart
http://finviz.com/futures_charts.ashx?t=CL&p=w1
Weekly chart
It’s still in the middle of the range I mentioned prior (80-100) so while intraday momentum is sharply bear the bigger picture isn’t giving a signal yet. Are you hedging at all? Being mid range a spread of some sort might be interesting. It all depends on your time frame/entry plan/exit plan of course.
The day after the election should be vera interesting.
http://finviz.com/futures_performance.ashx
Looks like almost all commodities are down. Oil is tanking (some pun intended), another leg of deflation on the way? I’m curious to see how the USD reacts to these market fallouts.
I like that website. :tup: It is interesting looking at the YTD. Silver up 14.0%. Lumber up 33.9%
It was just about a year ago that I purchased a bunch of that crappy 7/16" OSB at Lowes for about $7.50 per sheet, now it is almost $13.00 per sheet!!!
I guess that is a good sign for construction starts.
I love finviz.
http://www.stockfetcher.com/ui2/plugins/sector3.php?full=1&mode=SECL
Here’s another cool site for sector strength at a glance. I subscribe to this service…kick ass screener that lets you use fundamental & technical criteria both.
Could be. Some big names lowered 2013 guidance this week.
Oil approaching my entry point. Once QE3 gets rolling there’s no way it stays down.
I will still be buying. Bought some more today :tup:
Lets take delivery and just start filling the Sterling back yard with barrels of crude :bigtup:
Sounds like a plan!!! Might end up with too much and have to start filling the house if it keeps going down.
For arguments sake, what happens if much of that QE flows to military-industrial? Let’s say the money is spent/invested heavily into military personnel & wartime goods that are then used to secure our petrodollar, artificially lowering the price of crude. What if many Americans can’t find good jobs, their credit sucks and the banks fail to monetize this fresh debt? Wouldn’t the Fed’s QE then fail to produce monetary velocity?
Some don’t seem to care for my input as we can’t all see eye to eye. I think that’s silly, we all have something worth contributing considering market pricing is based on a broad perception of value.
I may not have a degree in this shit but I think that means I see things from an angle those classically trained might not see and vice versa.
I mean it is feasible for certain. It is debatable if QE1/2 worked out as anticipated so I see no reason to believe QE3 will be a long term solution.
However I do think that the markets in the short term have responded to the QE in a positive way and think it will this time as well. I would say worst case as a bad trade you can eat the 10-20% loss it could see toward the bottom or just wait if you don’t think redistributing that money elsewhere will net a better return at that point for oil to return higher. Which at this price at some length of time is bound to happen.
For the record I like OIL long term, my prior posts about the price range were more about technical probabilities than your specific trade. I was trying to get you to discuss your trade idea and what you were seeing…fundamental catalyst, technical or otherwise.
I think one thing we can probably all agree on is that the bankers are taking QE funds and buying up stocks. I personally believe this is why inflation has remained relatively low considering the Fed’s books doubling. The bailout money hasn’t really hit the hands of people buying day to day goods, so there is limited velocity at the moment.
Lumber up even more now, maybe because of the storm.(?) But I was at Lowes yesterday and the OSB is down in price again, go figure.
Are you getting the message president dipshit?
So RIP?