Cobra's Market View

bears still want to see <306 on /ES or it ain't gonna pay.

BullBear52x wrote:bears still want to see <306 on /ES or it ain't gonna pay.

Curious where you have your stop placed. Would be educational for me.

Gin and Tonic time in The City. Seems to me we usually start a move in another 30 minutes or so.

Eddie wrote:

BullBear52x wrote:bears still want to see <306 on /ES or it ain't gonna pay.

Curious where you have your stop placed. Would be educational for me.

SPX 2314
/ES 2310.5

BullBear52x wrote:

Eddie wrote:

BullBear52x wrote:bears still want to see <306 on /ES or it ain't gonna pay.

Curious where you have your stop placed. Would be educational for me.

SPX 2314
/ES 2310.5

Many thanks.

Oily tidbits from around the net.
Why did price not drop on the bad inventory? Because the boyz were watching tanker rates fall as available for charter boats increased in the Arabian Gulf confirming that the December export (imports for us) surge was over. Sailing time 47 days.http://www.cnbc.com/2017/02/08/oil-news ... -says.html
EIA forecasting a half million barrels a day increase in US shale production this year. I have read some analysts who say the models are too conservative as methods in the Permian Basin are rapidly changing.

We are still in the sweet spot for OPEC/NOPEC as they have done nothing and are making more money. Help has come from a cold winter in Europe bringing total OECD stocks back down inside the 5 year average.

intraday consolidation phase, wait for breakout or pick your poison now.

Nat Gas- Clipper Data says several empty LNG tankers are heading for the US export platforms. So over the next couple of weeks inventory draws will be larger than weather alone would forecast. John Kemp at Reuters has a couple of good charts that show the effect of exports. While we are back into the middle of the 5 year supply curve the number of active drill rigs is increasing. The girl child has left the pacific (La Nina) and we are at normal temperatures so that implies a normal hurricane season which is not good for Natgas (fewer platform shut downs) but I do not know what it means for summer heat.

LONG time no see. Crazy ass bull market, but now it looks kind of toppish to me. But then the Daily ADX has potential crazy bull cross.

Trades with cats wrote:Nat Gas- Clipper Data says several empty LNG tankers are heading for the US export platforms. So over the next couple of weeks inventory draws will be larger than weather alone would forecast. John Kemp at Reuters has a couple of good charts that show the effect of exports. While we are back into the middle of the 5 year supply curve the number of active drill rigs is increasing. The girl child has left the pacific (La Nina) and we are at normal temperatures so that implies a normal hurricane season which is not good for Natgas (fewer platform shut downs) but I do not know what it means for summer heat.

UNG is down but not out.
Long term = Buyshort term, a trade below 7 Ill be very worry.

Oy....another stop out.

got stop out twice today, this is time to take a walk.

will be BUCK.

Breached the upper bolinger, daily:
IWM yes
SPX yes, day two
INDU yes
COMPQ not yet, just grazing
NDX no
Banks (BKX) and TRAN no, far away

TLT bounces off 20d nHOD, IWM/TRANS still short of nATH

SPX grinding up..

Breaking higher ...

Seems TA not working, just faith works...

Al Dente's worm:

still could be 3 push up but bulls at least have one more chance to buy dip, i.e. one more push up.