02/23/2017 Live Update

[Trades with cats]

Different topic- CL
On another forum someone has signed up for tanker tracker and is kind enough to comment. Last week was a big drop in imports as reflected in the EIA surprise number today, however those who follow tanker traffic are seeing a five week high in imports right now to be reflected in next weeks inventory report. At the same time this is the seasonal peak for gasoline inventory. It is supposed to do nothing but drop from now into July. So we are starting to exit the sweet spot for OPEC and moving into the dangerous area. To be a broken record if the speculators lose their nerve and panic it will be bad. As overbought as the equity markets are I am beginning to wonder if this could be a potential Mrs. O'Leary's cow.

{Cultural reference to the milk cow that kicked over a lantern starting the great Chicago fire of 1871}

[K447]

...now pray this time is different ... pray.

[Al_Dente]

Divergence update:
BOTTOM PANEL: This is the fifth day that the options traders (1/VIX) and the VIX-futures traders (XIV) have been diverging and saying sell-spy.
HOWEVER, today the 1/options folks printed a higher low, while the futures folks printed a lower low, so whaaaa……. there is divergence in the divergence….. I don’t mean to be cutesy…… I just don’t know how else to say it………
15 min

[Cobra]

100% mm or test day high is possible.

[Al_Dente]

HAPPY HOUR

[Trades with cats]

Ha, D squared

[Cobra]

HAPPY HOUR

[q2model]

100% mm or test day high is possible.

You stopped praying?

[BullBear52x]

UUP/Dollar if no pick up here, dollar bulls will lose HL opportunity here.

[Trades with cats]

3:30 ramp Express going to need some serious help today.

[Cobra]

100% mm or test day high is possible.

You stopped praying?

I didn't pray. I was saying bears to pray.

[BullBear52x]

For educational purpose.

We got LL this morning on short term, now first counter trend at LH.

[K447]

100% mm or test day high is possible.

You stopped praying?

I didn't pray. I was saying bears to pray.

buying pullback as expected. now pray this time is different the buying would fail. pray.

No mention of bears, only of praying for buy fail?

[BullBear52x]

we need to see New LL to confirm that trend change is at hand. Text book play I wrote it myself.

[ALdaytrade]

$SPX small head and shoulders might take us to 2343 ish tomorrow.

$UVXY will then see the top of the bollinger band.

[Junior Buffett]

we need to see New LL to confirm that trend change is at hand. Text book play I wrote it myself.

looks almost impossible for today...10 points to go...

[BullBear52x]

Chart for the road: closed right here bears will have hanging man candle to play with tomorrow. Peace!

[BullBear52x]

we need to see New LL to confirm that trend change is at hand. Text book play I wrote it myself.

looks almost impossible for today...10 points to go...

save it for gap down tomorrow, you are right, 8-10 at the min.

[Trades with cats]

BullBeart does overnight sell-off count on your game plan?

[BullBear52x]

BullBeart does overnight sell-off count on your game plan?

I am expecting overnight weakness.

bearish internals and fearful market.