Which WTI comment were you referring to? Right now in WTI I don't see anything sticking out. We've been holding near the highs of this range. Actually came off the top of my yearly A up about 20 times so far. LOL. The front month strips have been very strong and implied vol has been very cheap. Rbob is clearly the cleanest trade right now as it's in a confirmed 30 day. This confirmation has given the rbob/ho spread a nice bid. This week we failed at the weekly A up in WTI almost to the tick. We have new monthly levels now and soon to be new QTR levels.
Thanks. I was referring to the comment you made about how you thought WTI at the highs of the range was suspicious. Thanks for clarifying. This is very helpful.
so I will throw out this, from Finviz accessible to all. under bubbles you can set your x and y axis to look at all sorts of metrics, who has the best 6 month performance, forward pe vs market cap, etc. This allows you look at some basic market metrics and find outliers at a glance. screenshot enclosed. It will be an interesting weekend for the Euro for sure.
YINN Daily China Bull 3x Shares $43.38 -2.21% $179,577.00 450,684 21.31% YANG Daily China Bear 3x Shares $68.57 2.40% $45,673.80 164,491 -39.80%
what's interesting is color coding, so red is a lucky color in china, here we say "see red" which is a negative in accounting statements. When your screen is red that means your losing money usually, would be interesting to see what colors their trading screens are. So is yinn bullish and yang bearish? http://www.telegraph.co.uk/finance/...03059/Stock-market-Were-in-the-yin-phase.html
Thanks. Sure looks like it. I was too gun shy to do anything about it last night but what a run we had today.
I have no position in it. I'm waiting for an FU puke to get long. The market is waiting for me to get in before it pukes. It's a stalemate!