Nothing is more important than the condition of the oil and gas sector now. As per Exodus, this is where our predictive algos place the sector.
It can go lower.
Bear in mind, the sector is beyond simple supply and demand action now. We are entering the solvency phase of this cycle and many companies will be squeezed into receivership, which is why I’m staying away from the sector.
On the plus side of commodities is gold. You’re likely busy being harangued by losses now; but this has been my best call of 2015: long gold into August at a time when the market sucked balls.
I faired okay today, down about 0.2%, buoyed by GG, CYBR and 50% cash. I am looking to position into some SHAK leaps on another leg lower. Aside from that, I have no sense of urgency to step into stocks yet. The horizon is black and the margin clerks are gearing up to liquidate your accounts at zero, very soon.
“The Fly” will be buying the blood, as always.
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Can’t believe I haven’t seen this track on this blog
https://youtu.be/YJEWtcthUr8
I’m quite interested in the SHAK. Just watching atm.
Listening to a blonde talking head on the teevee today who said $15 oil a real possibility and soon
Let’s review last week:
Your Magic Monday was cancelled on Tuesday
Your Lifejacket Wednesday needed further dredging
Thursday&Friday
Went nowhere Monday&Tuesday&floundered Wednesday
This message will not self destruct
As I said yesterday. But DWTI. Up 12% today alone. Going much much higher.
+22% (5 day) and +90% (month). Crazy.
Yep, and going much higher in a straight line
killer call there Sethster99 ; )
well done, (golf clap)
39 Brent will be your low. Book it.
and your HABT position was killing shorts too
Fly has stated that oil and related stocks would be down early in the year and he is correct.
Not sure if anyone has been following the headlines out of the zerohedge camp, but there seems to be a shit storm brewing for the commodity traders glencore and noble. Definitely something to keep an eye on, imho no reason to be long anything except dolla dolla bills yall. The tape is shit, worse just look under the hood
Glta
There always seems to be a shitstorm brewing for commodity traders according to zerohedge bruhhh.
DWTI and UVXY going to explode higher… You getting some or not?
DWTI is going to grape the greedy. All 3x do. It is simple math. Awesome call by the way.
Doctor Sihbitdis here. Did you think I wouldn’t find you?
CHK may be one among many headed towards Chapter 11
indeed. say goodbye to a company that was founded by one of the most corrupt Wall Streeters ever. Aubrey McClendon deserves life in prison.
If that were a possibility don’t you think Carl would have exited? He added to his position last Q. I suppose he could have exited since 6/30, but highly doubt it.
$BTU up like 50% in two days unbelievable.
$TWTR appears ready to go to zero
Trendy Beard Syndrome. Very dangerous.
DWTI fading
Credit where credit is due, you nailed the gold trade like Affleck nailed the nanny.