02/09/2016 Live Update

[MrMiyagi]

spy

qqq

[Cobra]

3 push down but didn't go far, so bulls might be ok.

[BullBear52x]

From It is what it is department: A look at consolidation range since January's low and February hi. today up/dn volume still on bears side, a lot more buying is needed, the longer we stay down at the lower portion of the range the likely hood we're going to breakdown.

[fehro]

SPX struggling.. and VIX hanging in.. hourlies.. a tad wicky to the upside

[gappy]

Scalp basis: Is oil going to drop again, or is bottoming ultra short term?

Capture.PNG

http://www.worldoil.com/news/2016/2/09/ ... l-below-20

Thanks, gappy.

You're welcome. With oil location is everything, like in real estate. Holding Permian operators that have good credit is a winning strategy. Some wells here produce 2k bbls/day, some have pumped for 30 years albeit diminishing annually, but still. Even as present cost structures get retired, it's a better roe than algo etf's. As an aside, our lease just expired with CHK @ 400/acre bonus to be bought by a private but debt free driller @ 500/acre with a two year extension after three initial @ 650/acre. Even 7 years back, the best we ever got was 250. Why? Shows confidence in the Deep State to wreak havoc in the Mid East for years to come, and export it to Europe with a migration. Just a little local insight for you.

[MrMiyagi]

Crude has dropped $1.20 in the last hour.
Canada is going bankrupt on this....

[brokebybernacke2]

uh oh, oil! HSneckline bust?

[fehro]

TLT punched out a new high.. took out yesterday's HOD. USO nears Jan lows..

[Eddie]

Either this is a great long entry level for a significant move higher, or the market is going to break down and the rout is on. I truly can't tell which. Bulls seem to be flirting with disaster. No real panic low to base a firm bottom on. I'm talking about an intermediate term trade.

[BullBear52x]

USO, this is how I see it. the yellow range failed to hold, time to continue the trending down.

[DellGriffith]

I'd like a intraday buy signal at least to find a bottom to give this multiday buy signal some hope geez

[uempel]

Crude has dropped $1.20 in the last hour.
Canada is going bankrupt on this....

Yeah, it's down at $ 28

[Trades with cats]

Small caps trying to make a new lower low.

[fehro]

Crude has dropped $1.20 in the last hour.
Canada is going bankrupt on this....

26.50/25.50 seems the target.. W & W/D/60m

[DellGriffith]

This might be some exhaustion selling lesse if it also gives a buy signal.

[DellGriffith]

buy signal! that should be a bottom.

[DellGriffith]

stopped out of that buy.

[BullBear52x]

1835 goes, bears go to the bank again.

[JFR]

Scalp basis: Is oil going to drop again, or is bottoming ultra short term?

Capture.PNG

http://www.worldoil.com/news/2016/2/09/ ... l-below-20

Thanks, gappy.

You're welcome. With oil location is everything, like in real estate. Holding Permian operators that have good credit is a winning strategy. Some wells here produce 2k bbls/day, some have pumped for 30 years albeit diminishing annually, but still. Even as present cost structures get retired, it's a better roe than algo etf's. As an aside, our lease just expired with CHK @ 400/acre bonus to be bought by a private but debt free driller @ 500/acre with a two year extension after three initial @ 650/acre. Even 7 years back, the best we ever got was 250. Why? Shows confidence in the Deep State to wreak havoc in the Mid East for years to come, and export it to Europe with a migration. Just a little local insight for you.

It is appreciated.

I don't follow fundamentals for oil, beyond the obvious. Just technical.

[DellGriffith]

that was one of those rare intraday buy signals that fail.