02/11/2016 Live Update

[JFR]

Oil hitting the dumpster again.

[uempel]

I don't see anything interesting here - hmmm, wrong thread. This is WTIC versus Brent.

With the legendary JPY carry trade closing out fast selling should be relentless...

I have thought the same, but market was able to keep itself together despite big USDJPY move since last week. I see a bottoming possibility. that said, currently still selling mode.

Mentions of oil price correlation with US stocks seems to have greatly diminished.

I still find the two very correlated. but the impact has waned. actually for the last couple of days, intraday up and down are very correlated to crude given big sell off on USD>

[josephli]

meanwhile, for long term investors, some stocks start to look cheap. philips 66 is good, no wonder buffet pick some up.

[josephli]

I don't see anything interesting here - hmmm, wrong thread. This is WTIC versus Brent.

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With the legendary JPY carry trade closing out fast selling should be relentless...

I have thought the same, but market was able to keep itself together despite big USDJPY move since last week. I see a bottoming possibility. that said, currently still selling mode.

Mentions of oil price correlation with US stocks seems to have greatly diminished.

I still find the two very correlated. but the impact has waned. actually for the last couple of days, intraday up and down are very correlated to crude given big sell off on USD>

I think the spread between the two is the largest i have seen.

[fehro]

http://www.aaii.com/sentimentsurvey Bear side of the boat is getting crowded… OEW next week, could see a better bounce next week.. CHINA (closed all this week) - offside - check. Markets closed Monday - check. China Dumps Mon+ Tues - check. US gaps up, CHINA offside again - check.

[josephli]

chart for the long term. important support at weekly EMA55, and fib 23.6 @1770-1790

[TraderJoe]

Long SPY calls @182.25

[josephli]

http://www.aaii.com/sentimentsurvey Bear side of the boat is getting crowded… OEW next week, could see a better bounce next week.. CHINA (closed all this week) - offside - check. Markets closed Monday - check. China Dumps Mon+ Tues - check. US gaps up, CHINA offside again - check.

i would think the same. that said, keep selling first. lol

[Trades with cats]

Oil spread, what does it cost to ship from Rotterdam to Huston? With the new rules those who can buy 2 million barrels at a time and pay the $80,000 a day for a VLCC will be arbitraging any meaningful differences.

[Al_Dente]

note BA (about 5% of the dow)
news is SEC probe

[daytradingES]

CL falling back
and now ES with it
to challenge LOD

IF low doesn't hold 1802 then to fall below this and take out stops (at minimum).

Perhaps more govt buying at 1800 level ??

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10:04 AM 2/11/2016
LOD buying

[Cobra]

testing day low, key time, wait to see if bulls can make double bottom here.

[Darkmatter]

No. Hang Seng opened last night and closed down 3.85 percent.

http://www.aaii.com/sentimentsurvey Bear side of the boat is getting crowded… OEW next week, could see a better bounce next week.. CHINA (closed all this week) - offside - check. Markets closed Monday - check. China Dumps Mon+ Tues - check. US gaps up, CHINA offside again - check.

[brokebybernacke2]

new low today ?? that could get needed capitulation..

[BullBear52x]

intraday review, a clean take out under 1835.

[Al_Dente]

NY declining stocks are 6.6 x advancing stocks
NY declining volume is 5.8 x advancing volume

[brokebybernacke2]

this is still rather controlled selling in my opinion...more exciting stuff to come pr is this it??

[uempel]

If this ain't a bear trap SPX should go down to SPX 1802ish - low of red channel.

[fehro]

SPX

[BullBear52x]

Reminder for die-hard counter trend dip buying, still not over sold enough. no sell spike.