Monthly candles close tomorrow… spinning tops.. SPY QQQ DIA… IWM not pretty.. one day to go… mind the DXY USdollar.. on support on 50month SMA.. careful on your gold… /GC closes at 1290 or lower.. look for shooting star gold monthly
Trades with cats wrote:"... a bunch of people going long CL and short RBOB and getting handed their heads."
Those traders that were short RBOB last week either had never been to Houston, did not have any idea where it is, or had never looked at a pipeline map.
Exactly, shorting RBOB at this point says I looked at the chart and I thought it was not going to hold at January highs. Just goes to show that short term price isn't everything, you have to be aware of what goes on in the world!
Irma, for 6 days from now. Currently on the other side of the Atlantic. Harvey got stuck because of that unusually cool weather over the east. Apparently it is still there. So this potential path is similar to Ike. From Joe Bastardi's twitter posts (formerly with Weather Underground, now does private for profit forecasting)
It's just a forecast, but something to be very aware of. Enough said.
good bull bar, maybe the pullback would be bought again.
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Note the British health service said they would save money if it was priced at 700,000. Welcome to the new world of medicine. By the way we will be seeing tons of this stuff coming down the pike. The tools to figure this out are getting better at an amazing rate. I have a son-in-law who does tools, Phd in Biology, hasn't touched anything but a keyboard in years, spends all his time writing C++ code creating tools looking for statistical correlations in enormous DNA databases.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.