10/24/2016 Live Update

[BullBear52x]

Abound face! soldier.

[fehro]

my sloppy M/W/D /GC chart.. fwiw… /GC 50w 1237 is the last line in the sand.. it breaks there.. look for gold to crash.. imho to 1140, then 1050
red 20, yellow 50, purple 200 ma's on W/D

[gappy]

SPX 4 day. Walking it up to 2192.

Capture.PNG

glta

[BullBear52x]

Clockworks, bears turn now.

[daytradingES]

silly stories .................. =>

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Oil prices under pressure as Iraq resists joining output cut
By Ahmad Ghaddar

LONDON (Reuters) - Oil prices came under pressure on Monday as Iraq said it wanted to be exempt from an OPEC deal to cut production, though losses were capped by Iran saying it would encourage other members to join an output freeze.

Brent crude futures were up 6 cents at $51.84 a barrel by 0413 EDT. U.S. West Texas Intermediate (WTI) crude was down 5 cents at $50.80.

Iraqi oil minister Jabar Ali al-Luaibi said Baghdad wants to be exempt from any production cut the Organization of the Petroleum Exporting Countries is aiming to achieve.

Falah al-Amiri, head of Iraq state oil marketer SOMO, added that Iraq's market share had been compromised by the wars it has fought since the 1980s.

"We should be producing 9 million (barrels per day) if it wasn't for the wars," he said.

OPEC announced plans last month to reduce its output to between 32.5 million barrels per day (bpd) and 33 million bpd, from September's 33.39 million bpd. The group will iron out the details of how it will hit the target at its next meeting in Vienna on Nov. 30.
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SO OPEC is planning to 0.39M bpd - a smidge, and ON THIS they have ramped oil up $10 or so. and now surprise, surprise Iran wants to restore (will) to its out without the war. This is the same thing it has been saying since the lifting of sanctions more than a year ago - so no change from before the RORRs over the last 1.5 years.

The Saudis buy futures contracts at 41.50, start a RORR and then sell the longs for an enormous profit at $51.50 and go short contracts and at the next point $40 CAR.

Rinse and repeat - with MSM lapping it up like poodles at a puddle.

[fehro]

NDX nears ATH 4904.72.. HOD at 4904.17 TLT under pressure still

[fehro]

SPX.. IWM very weak.. nLOD… as NDX near HOD

[Cobra]

sharp pullback here would be lower high, key time.

[Trades with cats]

Volume is slowing. My tick chart starts the day at 90 second bars, mow 5 minute bars. Last several bars with tails making it hard to trust indicators that say down.

[BullBear52x]

bears need to see new LL that's all it will take.

[Cobra]

members only update at 12:02 pm
http://www.cobrasmarketview.com/2016/10 ... ay-update/

[fehro]

SPX 20d SMA test.. mind the daily.. looking a tad gravestone.. should we close near here. Mind the gap, and 20w 2146.63

[Trades with cats]

Watched video presentation by a famous trader last week. She said on range days you have to take profits when it hits prior highs and lows because the give backs are too much. So if it keeps going after you take your profit, so what, you took a profit, and they are so thin on range days that you cannot afford a give back.

[brokebybernacke2]

bulls hangin on, nice flagpole pennant ....see if she holds for a pop

[Out of Bounds]

tumblr_lzerkmTo421qmioz3.gif (493.2 KiB) Viewed 4662 times

[Trades with cats]

Bulk food sales this weekend. Stocked up on kitty drugs. Left baggy on counter, big mistake. Now hidden in cupboard.

[BullBear52x]

/es 39.5ish will hit some over sold. not a buy, sell rip to continue.

[Trades with cats]

Volume dropping on the up moves picking up on the drops.

[fehro]

SPX 20d SMA test.. mind the daily.. looking a tad gravestone.. should we close near here. Mind the gap, and 20w 2146.63

nearing 20w 2146.49

[Cobra]

15 min ema20 and vol surge, so might be a rebound here first then we'll see.