Are you kidding me...i've been watching the last couple weeks...finally dip my toes into some NBL puts and it shot up...wth. lol.
You need to lean against an A level. This market is giving you so many opportunities to fade an A up on every time. Don't get short on the lows.
ES still have a very neg NL and scored it a zero yday but NQ put in a +4 and momentum waning for now...AUD and CAD held the euro session lows during the US session and led the indices higher yday. CL Feb expiry may signal a break from the energy complex slaughter for the near term...so thinking may signal a short term bottom or a least a breather here. Will be interesting to see how CL reacts to the DOE's in 10mins...
Has anyone experienced the market "tipping its hand" though their equities numberlines? I have had two instances in the last month where each of the stock's prices went nowhere, yet one of the stock's numberlines went very negative, while the other stocks number line firmed up. Neither stock had any news at the time. Fast forward one week, and the the stock with the weak numberline announced that they are eliminating their dividend (stock fell 40% overnight), while the stock with the strengthening numberline announced that an issue with the manufacturing facility had been resolved, and subsequently gapped up 20%. Could just be coincidence, but interesting nonetheless.
I think 1-2 cases probably constitutes a coincidence...but do still keep track of that...maybe you're onto something...or Mav is onto something here...lol On a different side note....is this a sell the rally kinda situation in oil going on right now?
What do your A levels say? You know if this were a class there would be a lot of pop quizzes in here.
http://fuelfix.com/blog/2016/01/21/southwestern-energy-to-cut-40-percent-of-workforce/#36515101=0 Wowsers!