Not surprised Bannon gone, he called Bull on the Generals claiming they had a military option for Korea. No one refuted his claims. I am told Generals do not like to be made fools of. Of course they always fight the last war, look stupid and have to be replaced with fresh thinking. No idea where we are in that cycle but the wars in the sand box are certainly changing the thinking!
Al_Dente wrote:msnbc says IT'S OFFICIAL he's out
kelly says they "mutually agreed"
well, time to see if we can make a new low today...if not, then we may have seen the BANNON BOTTOM -
buy the rumor.. sell the news.. INDEXes roll over
not sure yet, we shall see, market not yet revealing hand just yet, . 2430 must fall first to have a shot...otherwise, people will start headin to other side of the boat..
Trades with cats wrote:Zero clue why oil took off an hour before Baker Hughes rig count report.
50d SMA yesterday.. morning star doji daily.. now testing 20d SMA SMA ping pong. and now testing 20d sma.. which happens to be breakdown level .. and the weekly they are trying Hammer the candle off the 20w SMA.
could be a bull trap.. imo
Looks like the Futures are about $1.75 or so different. Moving target and don't forget September is contract roll month so the discount will be close to zero by expiration.
As a public service announcement I need to say that futures are like opiate pain killers, very effective and very dangerous. That $500 day trade margin per contract means a 10 handle move just blew up your account. So over the last week there have been several opportunities to get blow up in an hour. And of course close out late and get hit with the overnight margin requirement of $5,600 and see how fast they close you out!