10/07/2015 Live Update

[BullBear52x]

Guys am I the only one who see wedge with target to 1935?? Which is also exectly 50% retracment

get in first then let it ride.

[Cobra]

vol surge, should be a rebound here first then we'll see.

[Daniel]

JNK fresh HOD.

Economic worries are behind us I guess.

TLT among the 5day perf laggards.

[Daniel]

Brazil, Latin Am, fresh LOD.

Commodity surge cooling?

Now USO joins in, LOD..

[uempel]

Most likely the market will close at SPX 1987. Is this a Memento mori for the black Monday crash on October 19th 1987

[BullBear52x]

It's like a clock works, luv it

[BullBear52x]

JNK fresh HOD.

Economic worries are behind us I guess.

TLT among the 5day perf laggards.

Long term sell the rips boss.

[Trades with cats]

FRO is John Fredrickson's tanker company. He always shares profits with shareholders. Pull up a 15 year dividend history. It almost went under after 2009 because of sever overbuilding. He finally played around with his Ship Finance company and put a pile of his own money into FRO to keep it going. Started FRO 2012 on the Norwegian exchange. It has about 20 or so new builds with more on the way at rock bottom prices. The new builds are more efficient. FRO wand FRO 2012 are being or have been merged keeping the old name and both listings. John moves first then the industry follows. Colapse of shale and tar sands means more tanker business on down the road.

My oil comment that rates are way up because the old hulls are being charted for storage is why things are picking up. Oil tankers are like a chip maker, when rates are good they mint money. US coverage is poor if at all. The English and Norwegian analysts are the ones who know whats going on. So I don't know what their new fleet break even is and I don't know how many boats they have in the spot charter trade. I would guess at $35,000 a day and maybe 75 ships. I thought I saw that spot was approaching 100,000 a day, if so you can do the math.

Problem is the investing public lumps tanker companies in with crude oil, sort of like valuing truckers with corn prices, so sometimes you can get a a very profitable company for cheep.

Old FRO debt was mostly to Ship Finance, same principle stock holder, the Fredrickson family and their investment company Hiniman (spelling on my part) Investments so US guys were saying they were in trouble when they weren't.

Almost forgot it is all in Bermuda so they pay no taxes and John gets paid by dividends just like everybody else. He is 83 on Forbes world list.

[Daniel]

SPY, RSP, QQQ all testing their 15min 20ema right now, successfully, from above.

IWM has been holding above all along, RS leader along w MDY today..

[Trades with cats]

If we don't hold yesterday's high is Cramer going to be screaming double top?

[Al_Dente]

5min
Maybe “Ascending Broadening Wedge”
http://thepatternsite.com/abw.html

[BullBear52x]

FRO is John Fredrickson's tanker company. He always shares profits with shareholders. Pull up a 15 year dividend history. It almost went under after 2009 because of sever overbuilding. He finally played around with his Ship Finance company and put a pile of his own money into FRO to keep it going. Started FRO 2012 on the Norwegian exchange. It has about 20 or so new builds with more on the way at rock bottom prices. The new builds are more efficient. FRO wand FRO 2012 are being or have been merged keeping the old name and both listings. John moves first then the industry follows. Colapse of shale and tar sands means more tanker business on down the road.

My oil comment that rates are way up because the old hulls are being charted for storage is why things are picking up. Oil tankers are like a chip maker, when rates are good they mint money. US coverage is poor if at all. The English and Norwegian analysts are the ones who know whats going on. So I don't know what their new fleet break even is and I don't know how many boats they have in the spot charter trade. I would guess at $35,000 a day and maybe 75 ships. I thought I saw that spot was approaching 100,000 a day, if so you can do the math.

Problem is the investing public lumps tanker companies in with crude oil, sort of like valuing truckers with corn prices, so sometimes you can get a a very profitable company for cheep.

Old FRO debt was mostly to Ship Finance, same principle stock holder, the Fredrickson family and their investment company Hiniman (spelling on my part) Investments so US guys were saying they were in trouble when they weren't.

Almost forgot it is all in Bermuda so they pay no taxes and John gets paid by dividends just like everybody else. He is 83 on Forbes world list.

5 stars!!! thanks cat.

[Daniel]

JNK fresh HOD.

Economic worries are behind us I guess.

TLT among the 5day perf laggards.

Long term sell the rips boss.

-Referencing HYG, intraday sell signal NOW.

Re JNK, pending, not yet..

[Trades with cats]

My Dad made bank on FRO, maybe history repeats. Anyway the FRO chat board at investor village is the place to get up to speed, they monitor firms like Polar Securities for reports.

[MrMiyagi]

!!! POWER HOUR !!!

[Cobra]

!!! POWER HOUR !!!

[uempel]

EMA 377 and Emma are obstructing further advances ...

SPX daily

Emma W

[Daniel]

spy daily 50MA is ca. 199

currently hanging thereabouts, ca. 198.50

small and midcaps still holding their intraday RS edge

[Al_Dente]

SHORT TERM
Island is intact (pink)
Bulkowski hates islands; sometimes they work, sometimes not
I use the island gap as a serviceable drop-dead-stop-out level for short term
Meaning: long above, short below

[Cobra]

EMA 377 and Emma are obstructing further advances ...

kiuz.png

EMMA.png

I think this is better than dogs and cats!