Today’s big rally is “poof”, swept away with the sands of time. Plenty of people got sucked into this one. I can make your lives 100% easier. Don’t buy anything until you see, at a minimum, a 3% upside move in WTI. Just because we reversed the losses and edged higher doesn’t mean everything is okay.
The algos aren’t very happy right now. Even my hamburger stock is in the hole, down almost $10 in two days, just because.
In case you’re curious, I am in a 40% cash position. GPRO is still my #1 position, but it’s 1/2 the size it was yesterday. I am sick to my stomach–because you know I saw this coming. I chalked it up to being ‘cursed’ and simply waited to be executed.
Tonight’s trade in Russia is extremely important. However, the most important thing is oil. While lower oil prices might mean tax cut for the masses, it spells doom for an industry that was being revered as an American, modern day, industrial success.
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I thought you had left for Romania!
does the OSC run on west texas oil?
so weird. Russia and oil is failing and everyone be like ‘lets sell tech’
HABT is not down $10 in two days just because… it’s down because is was previously up $10 just because.
It is down 10 because analyst initiations weren’t paraded down Wall with $100 targets.
Old Wall or New Wall?
Analysts are weathermen in disguise.
I bet the Russians wish they could go back and push that reset button Hillary offered them.
Ukraine didnt work
Sanctions didnt work
Flt17 didnt work
Syria attack didnt work
Petroleum Indeud
More to the point, for those of us who don’t trade futures, we’re in one of those macro-driven fugly times where all the real action takes place while North American markets are closed, and we just gap up/down based on what’s already happened. Untradeable market.
(Yeah yeah, I know; no market is truly untradeable, but suffice it to say that not every market is worth attempting to trade. Then again, I’m also red YTD despite spending the year heavy in cash, so what the hell do I know about anything?)
I feel the same. And I’m also down about 27% YTD.
I ate my RIG losses today on the pop.
Liet me see ,cheap oil is good for the masses and bad for Opec..Hmmm I choose…..
WTF Just happened?
J N K
I did not short more. I am a frightened little pussy.
Either central banks pump in some liquidity now or make plans to dig the world economy out of a giant hole later.
This will be a Pyrrhic Victory if Putin, Iran, and Venezuela collapse.