Analysts still have those silly S&P 1500+ year end predictions, talks about bottoms in the financials AGAIN, and contrarians blabbling abou there...
For NYMEX CL, there is decent liquidity for the futures out to Dec 12. Even Dec 13 and 15 have a decent amount of liquidity. There is really...
Today seems to have been a key reversal day for crude oil, I've been very bullish on crude oil for the past several months, but the price action...
Bernanke's tough inflation talk got the dumb shorts to cover their dollar short. Now the dollar is giving back almost all of the gains from...
Its a good strategy except at the top, but I don't think we're close to the top yet so it works for now....
I don't think its a bubble, everyone is still very anchored to cheap $2-2.50 corn, $3 wheat, and $6 beans and can't deal with this move as being...
Stop would be $129, target of $146, risk reward ratio of 2 to 1. Odds of it hitting $146 before $129 are higher than 50% IMO.
Exactly. That's why I call oil the king of commodities. It is a nonrenewable resource which is the basic building block of economic growth....
He talks tough on inflation, says the Fed wants a strong dollar (don't we all? LMAO). Yet he doesn't hike rates. There is no way he will hike...
Look at the AAPL or RIMM chart, those are overextended, how about the charts of POT and MA? Those are extremely overextended and I don't see too...
People are consumers, they don't like higher prices on goods unless they are buying something like Gucci or Rolex. So when crude oil is raging...
EXACTLY! I have been a raging bull on oil over $40 lower and people acted like I was a lunatic or clueless. But I will say that this action...
That stop can't get hit today, limit up would be $137.89 for the front month CL contract.
There is no way the shorts are going to sit on this volcano of a position heading over the weekend. Don't be surprised if we see some headlines...
Anyone sneezes about anything even remotely bullish on crude and it shoots up $8! Sickest bull market in the 2000s. I don't see shorts...
Heat seeker looking for limit up at $138! SICK. The sickest bull market.
I hope you like brie and it ain't gonna be easy to find Johnny Depp. LMAO. Watch for a huge gap up again on Monday as the funds who were short...
good luck to you, I have a feeling today is a gap and go day, I don't think traders want to be short over the long weekend with crude at an all...
The implied vol must be through the roof, those CL puts must be mighty expensive. I don't see how you can make money barring a catastrophic...
Get your popcorn and take a seat. You are watching history, the squeeze of the century is happening, shorts are getting gutted here, unreal.
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