5% - 10% profit per day trading

looking at this month's prices, it looks like we're in some kinda triangle formation. i'm not very good at reading formations, but it looks like we're going to break out tomorrow or friday. what do the chartists think?

 

I am on short side bit early at 49.60 , seems down slide is in works

 

Short 49.88
stop 50.07

i get the feeling oil doesn't want to drop anymore, but let's see.

 

out at 49.99. took a small hit.

 

U.S. housing starts dive 10.8% in March to 510,000 pace

By Rex Nutting
Last update: 8:30 a.m. EDT April 16,

WASHINGTON (MarketWatch) - Building permits fell to a record-low level and construction on new homes dropped sharply again in March after a big gain in February had raised hopes of a recovery, the Commerce Department estimated Thursday. Housing starts fell 10.8% in March to a seasonally adjusted annual rate of 510,000 from 572,000 in February. It's the second-lowest rate since the 1940s. It was much weaker than the 550,000 annual rate expected by economists surveyed by MarketWatch. Meanwhile, building permits dropped 9% to a 513,000 seasonally adjusted annual pace, the lowest on record. Permits for single-family homes fell 7.4% to a 361,000 annual rate, the second-lowest on record

 

are you still short IV? crude oil wants to go higher today it looks like

 

avaraged to 49.80 wanted to close for FLAT, wanted to hold some time if S&P drop 10 point we see slide in oil

 

closed

 

i'm looking to long between 49.05- 49.25

 

damm shorts closed early , both long and short little ahead of time