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/ES channel, finally I got a channel to trade with today. a channel breaks out will stop me out from my shorts. boring day, ATR drop from 1.8 to 1.2, still money to be made intraday trading. be right back.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Speaking of political decisions with tails we have the heavy crude issue once again. Recall Obama Admin blocked the pipeline that would have brought heavy Canadian Tar Sands crude to the gulf coast cheaply. Now Trump Admin talking about banning Venezuelan heavy high sulfur crude. Too bad for all the refineries on the gulf who made the large investments so they could process cheep heavy crude.
Big gasoline build this week, my guess is the refiners are tasking Admin seriously on Venezuela and betting on a disruption.
Kudlow leaks:
“…moments ago when speaking on Fox News… Kudlow said that the jobs report for January will be “up” and may show “significant” gains...
“Why is Kudlow so sure that the report will be solid? Because, according to Eamon Javers, "the furloughed federal workers will be counted in the next jobs number - in the establishment survey", in other words, even those who are expressly not working, will be counted toward the payrolls number.”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:Kudlow leaks:
“…moments ago when speaking on Fox News… Kudlow said that the jobs report for January will be “up” and may show “significant” gains...
“Why is Kudlow so sure that the report will be solid? Because, according to Eamon Javers, "the furloughed federal workers will be counted in the next jobs number - in the establishment survey", in other words, even those who are expressly not working, will be counted toward the payrolls number.”
Is it even legal to leak like this?
It seems he is in charge of boosting the stock market now. From denying the trade meeting cancellation to this
Chart for the road: my final filtering, still bearish bias into tomorrow under here. If BEARs can hold under this center zone the outside day to follow (tomorrow?) will most likely be a down continuation candle. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
HAPPY HOUR
EARNINGS after the close: INTC, NSC, SBUX
“Let them eat cake”
[Arguably attributed to Marie Antoinette - popularly known as “Madame Déficit” - upon being told that her people were suffering due to widespread bread shortages. She was guillotined in 1793.]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.