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04/18/2016 Live Update

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Cobra
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Re: 04/18/2016 Live Update

Post by Cobra »

target met, this bull shall still have legs
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JFR
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Re: 04/18/2016 Live Update

Post by JFR »

Breakout. Or fakeout.
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finman66
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Re: 04/18/2016 Live Update

Post by finman66 »

SPY p-bar at $208.90 from Dec 31 just tagged on this spike higher

Remaining near term upside pbars are at $209.24 and $209.73 from Dec 18 and Dec 7 respectively
fehro
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Re: 04/18/2016 Live Update

Post by fehro »

Wallstreetrader wrote:Open shorts from here.

Dream target 2064
I'll give you 2030's ;)
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flrtrader
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Re: 04/18/2016 Live Update

Post by flrtrader »

Make it so!!! Right away...
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Al_Dente
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Re: 04/18/2016 Live Update

Post by Al_Dente »

Targets met on the inverse H&S on SPY and on IWM
418sixty.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 04/18/2016 Live Update

Post by Trades with cats »

Ferho, Exactly right. Specs are in control of oil for the time. Reported that Hedge Funds are at nine month high for long contracts. Huston Ship Canal shut down at 2130 last night. If it stays closed for a day or two that will guarantee a decent draw next week. Longer term the teapot refineries have increased Chinese demand for oil by 12% so you know most of that product is being exported, no wonder their ports are all clogged up.

My guess is Da Boyz will use the next couple weeks of inventory draws to keep prices up. After a little bit we will start seeing news reports about world wide product storage close to filling (that's plowing the field). Then towards the end of the summer drive season (assuming the economy doesn't hockey stick up) they will discover that we are out of storage and slam it down to a spike low around 20 or what ever it takes to make a chunk of the operators actually stop pumping. Cutting off credit hasn't rebalanced the market, bankruptcy doesn't seem to be forcing a rebalancing, so the only thing left is getting price below the cost to pump it out of the ground.

If you really want to understand shale, just look at the Natural Gas market. My wife gets checks every month for well royalties that have been in her family for 3 generations. They are 20% of what they were a decade ago and that is after 7 years of the Government's war on coal. And just as they get the export liquefaction trains turned on world prices drop from $12 to $4 something because of the gulf states and the Aussies. It's like buying stock in 1930.
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JFR
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Re: 04/18/2016 Live Update

Post by JFR »

Disney (DIS -0.04%) was upgraded to 'Buy' from 'Hold' at Pivotal Research Group LLC with a 12-month price target of $121.
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Cobra
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Re: 04/18/2016 Live Update

Post by Cobra »

testing ema20, should be some buyers around.
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fehro
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Re: 04/18/2016 Live Update

Post by fehro »

/CL - USOIL - possible resistance.. possible support on DXY.. still looking for a 20w SMA 35.33 tag in oil.. maybe too optimistic.. weekly candle lower low, *LOWER high.. but hammer at the moment.. but only one day in.. dabble USO P
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Last edited by fehro on Mon Apr 18, 2016 1:39 pm, edited 1 time in total.
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JFR
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Re: 04/18/2016 Live Update

Post by JFR »

Meeting some resistance ...
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Re: 04/18/2016 Live Update

Post by Trades with cats »

ES sell signal at 1:12 but I don't trust it yet, as TF has only gone to chop, not sell.
fehro
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Re: 04/18/2016 Live Update

Post by fehro »

SPX .. very sloppy little H&S int there.
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Cobra
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Re: 04/18/2016 Live Update

Post by Cobra »

buyers did come in as expected. now it's 2nd test of day high, 40% chances of double top. wait.
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Cobra
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Re: 04/18/2016 Live Update

Post by Cobra »


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Junior Buffett
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Re: 04/18/2016 Live Update

Post by Junior Buffett »

Cobra wrote:buyers did come in as expected. now it's 2nd test of day high, 40% chances of double top. wait.
I don't know if this is even required...BULLS are on status quo...no top till we break 2500..ignore all small over night red bars.. :mrgreen: :mrgreen:
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Re: 04/18/2016 Live Update

Post by Trades with cats »

Brokerage making me pay for TF now, get DX dollar futures as well so thought I would watch it. The darker bars are the May Crude Oil Futures.
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Trades with cats
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Re: 04/18/2016 Live Update

Post by Trades with cats »

Sorry, I am Mountain Time so add 2 hours for Eastern.
Trades with cats
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Re: 04/18/2016 Live Update

Post by Trades with cats »

Wow!~ Market Atlas from Deutsche Bank going back to 1900. Too big to post here for sure- check it out http://www.zerohedge.com/news/2016-04-1 ... -move-1900
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Al_Dente
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Re: 04/18/2016 Live Update

Post by Al_Dente »

"Outside Day"
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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