Market Ripe for upside

Looks like we a running in place. The range this year is a tad higher.

 

And here we are today.

 

Here we are today.

 

I am bearish and think a head is forming around the 10600 area. But the 50 day ema at 10400 is putting up a good fight. Til it breaks I just prefer to trade the 100 point swings. Rickshaw aren't you long further out contracts from around this level ?

 

If you look at the 5 year chart then downward bias is strong. Worst is the SOB oil looks to be making a flag which is good for 65 and long run would shoot above 80. Any higher oil take some hit on the economy, erode the value of dollar and I doubt indices would be able to hold in such environment. Buy gold, diversify into Canadian and Euro, hold on to your real estate. If you have not sold SUV already then call yourself a fool!

 

The sky is falling !


"If you have not sold SUV already then call yourself a fool!"



I paid $55 to fill up my truck yesterday and then put another $20 in my jet ski.


I did the math and the increase in gas prices has been costing me about $100 extra a month.

 

the volume on down days is lower than up days, thats accumulation not distribution.

 

No I am really just sitting here not doing much. But im glad you brought up forward contracts. Have you noticed the low open interest in June YM.

 

if all you mooks are going long then it time for me to go short thanks for the tip.

 

So do we breakout today, are do we sell the top of this range? Technicals are set for a break to the upside.