The insane 6% spike in crude slapped the shit out of short sellers and made them run home, crying to their mothers–complaining about not being able to crash the markets every day.
Crude started running after the EIA released inventory data at 10:30, showing a lunatic amount of crude in storage. Nevertheless, oil has been firming since then and has affected the overall sentiment of stocks.
What we need to see now is people getting off the ark, selling TLT, and diving headlong into the concrete walls of high finance: stocks.
If we can get the Nasdaq to turn green, today could shape up to be a pivotal day that might allow for stocks to rally at least through settlement date.
If you enjoy the content at iBankCoin, please follow us on Twitter
Amazing – on the same day, actually within hours, it’s gone from arks to ‘we can rally through’ March…
No one knows for sure– except those stocked newsletter sellers who spam you, saying that their method wins every time. They have a crystal ball on the market– or you can think they do, if you believe them.
Who said anything about March? I said settlement date, T +3
Sorry, thought you were talking about the /ES futures settlement date
It’s true. We’ll crash it Friday. …
why Friday? Jobs I guess.
The algos have been recalibrated to understand what a weaker dollar means… I hope.
Also, 30s touched 363bps today which is key resistance for the bond. Hopes of going lower rest on the stock market continuing down the road to hell.
263bps… this mkt is draining my brain thing
I gave you the Quote from the Russian Official in the last blog. Algo’s are reading meeting, rofl. This was just a SPX 1880 dip buying mixed with a “If we agree to meet, we meet”. Should fade so fast, don’t park that ARK at all.
Did Fly just announce over the intercom that the Ark is turning around? Who’d we forget?
Oil is “inflating”, just like that Kansas City Fed head said would happen yesterday. Now if there can be inflation for more than one day, without giving it all back the next day, that would be a shift. Anyone betting on that?
hedge fund vs hedge fund is WAY more fun than the one sided boat
“Well, let’s not start sucking each other’s dicks just yet.”
The Wolf
Pulp Fiction
LOL. A colorful expression.
Can’t rally with or without oil.
do we end the day up 100 or down 160? coin flip.
A Hilary 6 in a row coin flip or just a regular layman’s’ coin flip?
Down of Course.
Feel free to change your mind.
Let’s see what happens at 3:00. FLY cheered rally and was immediately knee-capped by market gods.
Dollar has gone berserk today. A $0.02 move in USD/EUR in one day. Wow.
Did you see the Shkreli news? Lost 40 million or 90% in one month.
http://mrtopstep.com/ex-drug-executive-shkreli-has-40-million-trading-loss-u-s/
+157 we be smokin’ hot