the ceremony we go through with this Fed bull sh%t...yellen clearly has no clue, Fed should have started raising year and half ago, yet we still pause all day for the clowns....actually we should be ignoring the hell out of them by now..fading their every word
And most of the tech stocks are down pretty decently the past day or two...it really does feel as if the shorts are getting squeezed in the indicies while many of these stocks are being distributed again.
OIL up 3% again today, almost at $50+ Just in time for the holiday season, now every article being posted is about higher oil prices, wouldn't doubt if we start hearing $75-$100 oil by mid 2016!!!! That should add in some more inflation to goods and services....remember when everyone was adding on all those additional fees for higher oil prices, since oil has plummeted over 50% none of these additional fees have been removed which means as oil goes back up they will probably be adding more fees on top of more fees but lets keep in mind the fed says there is ZERO inflation....
Everyone is waiting on those minutes then direction will hopefully take some course...all I know is biotech is weak and energy yet again is zooming higher!
we all know Fed will not hike so direction is up...yet as LABU moves up nicely they chop off the arm...as max said "the trading right now will go toward fu*king the most people at the best time!! Now LABU already moving back up for another chop/harvest
yes over the last 45 mins....I will actually buy more LABU if it drops to fresh 52 week lows. I was very close on Tuesday to buy it around $14.75-$15.00 but I said no thanks, it surged $3+ from that point into Wednesday....Instead went long LABD under $50 yesterday and enjoying a nice ride, if by some reason the minutes are liked and the market starts to fall LABD could easily see $60+ today!!!
DWTI sinking again just like I thought it would the last few days! Oil is moving higher and energy is just in full Rally mode....GUSH which I sold once around $11 and the next shares around $14 is already nearing $18, incredible 80% run in less than 2 weeks!!!!!! Im now slowly buying DRIP, Im down on the position but adding new shares on every $10 drop, its a risky play but oh well, still own UWTI which has really climbed higher these last few weeks...
Okay bought more drip @ 48.00 Just now bringing my cost average down now to $60 a share!! $77.85 $65.50 $48.00 All prices I bought DRIP at!!!!
Yes Yes, I am closley watching DWTI as well. And I do like LABU anywhere very close to $15.00 I like DWTI below 79.50