You know what happens when this happens.
Stock Markets
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Last: 33 min ago by Heineken-Ashi
And model T just so happens to be right around the mean
You guys asleep? Time to rise and shine. It's a new trading week!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Charismatic Megafauna
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AG
I've got 6 more minutes... start the coffee and I'll be right out
Gross action so far.
Keeping an eye on OILU to see how far it goes down. Anybody else got a favorite oil etf?
Charismatic Megafauna
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AG
Picked up some Cpe dec 44 calls for a buck
Charismatic Megafauna
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AG
Easy 25% there
Picked up Jan VIX 30c and some more SQQQ
should see 398 pretty soon here
Boom!
Boom!
Oil stocks could get going here. Not confirmed
I don't like the SPX action but I do like that it's got a 30 minute low.
I would want to see 4000 or so to consider longs again.
Bob Knights Paper Hands
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In SPX 4000P. Looking for 3981.7 as a sell target. Stop if we confirm above 3991.4 for more than 1 minute.
Bob Knights Paper Hands
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Bob Knights Paper Hands said:
In SPX 4000P. Looking for 3981.7 as a sell target. Stop if we confirm above 3991.4 for more than 1 minute.
Stopped out for a small loss.
he good. oil just spiked a buck$30,000 Millionaire said:
Oil stocks could get going here. Not confirmed
lucky or good? Look at that volume.
What caused it?
What caused it?
Bob Knights Paper Hands
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Now I got in some SPX calls if we hold above the intraday 20ema.
OPEC+ WILL SERIOUSLY CONSIDER NEW CUT AT NEXT MEET: EURASIA
— *Walter Bloomberg (@DeItaone) November 28, 2022
30k must be a member of OPEC
Bob Knights Paper Hands
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What the hell was that? If that was just a stop raid I'm gonna be pissed.
What in the world?
Bullard with hawkish comments.
So far been another day to sit on hands.
So far been another day to sit on hands.
BULLARD: FED WILL HAVE TO PURSUE RATE HIKES INTO 2023
— *Walter Bloomberg (@DeItaone) November 28, 2022
BULLARD: FOMC NEEDS TO GET TO BOTTOM END OF 5%-7% RATE RANGE
Bob Knights Paper Hands
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GreasenUSA said:
Bullard with hawkish comments.
So far been another day to sit on hands.
Right. I forgot he was still allowed to talk.
Fed speakers telling people what they should already know. More rate hikes and no pivot in the near term.Bob Knights Paper Hands said:
What the hell was that? If that was just a stop raid I'm gonna be pissed.
So they're just desperately trying to beat the rally into submission it seems.
Picked a great day to roll my 401K into long term bonds!
Let this market puke away!
Let this market puke away!
I'm holding some puts, but I wouldn't call this a puke yet.
Farmer @ Johnsongrass, TX
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O & G players, this post is for you.
https://oilprice.com/Energy/Energy-General/Oil-Stocks-Are-Showing-A-Peculiar-Disconnect-From-Crude-Prices.html
Trying to understand WTI is futile. It's been this way for months. Future's, that show reflect forward markets, down in a worldwide physical supply short market with no surplus production in sight. Just understand that the news flow was needed for Mid-Terms and the stage had to be set for the G7 Price Caps to look robust against Russia. There's no teeth in the Price Cap documents released by U.S. Gov't that I have found/read. Right now, Poland is lobbying for a EU Price Cap at $30 per barrel. Russia will not put up with this and their oil will go the circuitous route before showing up in the market. Russia will cut back. OPEC+ is going to cut. It's all-in deception/subterfuge/masquerade/charade in Futures. Just wait until the Dec 4th press release comes out. (If I were OPEC+ I'd delay the press release until the G7 Price Cap detail is released early or Dec 6th.)
https://oilprice.com/Energy/Energy-General/Oil-Stocks-Are-Showing-A-Peculiar-Disconnect-From-Crude-Prices.html
Trying to understand WTI is futile. It's been this way for months. Future's, that show reflect forward markets, down in a worldwide physical supply short market with no surplus production in sight. Just understand that the news flow was needed for Mid-Terms and the stage had to be set for the G7 Price Caps to look robust against Russia. There's no teeth in the Price Cap documents released by U.S. Gov't that I have found/read. Right now, Poland is lobbying for a EU Price Cap at $30 per barrel. Russia will not put up with this and their oil will go the circuitous route before showing up in the market. Russia will cut back. OPEC+ is going to cut. It's all-in deception/subterfuge/masquerade/charade in Futures. Just wait until the Dec 4th press release comes out. (If I were OPEC+ I'd delay the press release until the G7 Price Cap detail is released early or Dec 6th.)
topher06 said:
I'm holding some puts, but I wouldn't call this a puke yet.
Agree. Not a puke but let the fun commence
Nothing to do yet.
TSLA has been the best, but it's made a big move already. SPX really needs to clear 4000 to get going.
TSLA has been the best, but it's made a big move already. SPX really needs to clear 4000 to get going.
Good post, thanks. Explains why oil ETFs are mostly green at the moment.Farmer @ Johnsongrass, TX said:
O & G players, this post is for you.
https://oilprice.com/Energy/Energy-General/Oil-Stocks-Are-Showing-A-Peculiar-Disconnect-From-Crude-Prices.html
Trying to understand WTI is futile. It's been this way for months. Future's, that show reflect forward markets, down in a worldwide physical supply short market with no surplus production in sight. Just understand that the news flow was needed for Mid-Terms and the stage had to be set for the G7 Price Caps to look robust against Russia. There's no teeth in the Price Cap documents released by U.S. Gov't that I have found/read. Right now, Poland is lobbying for a EU Price Cap at $30 per barrel. Russia will not put up with this and their oil will go the circuitous route before showing up in the market. Russia will cut back. OPEC+ is going to cut. It's all-in deception/subterfuge/masquerade/charade in Futures. Just wait until the Dec 4th press release comes out. (If I were OPEC+ I'd delay the press release until the G7 Price Cap detail is released early or Dec 6th.)
Sitting on my hands for now. Was strongly considering selling all my green shares of TQQQ+UPRO and sitting on the cash for a bit while it continues falling, but I'm afraid the second I do it'll rally back to opening levels. Just gonna be patient for now. Have a stop loss set lower just in case.
I feel like there is more "bullish" feel to texags today but I'm just curious why you all are leaning that way? I know 30k is waiting to see 4,000 on SPX but what makes you think it will go back up?
I did read how thanksgiving to new year is typically the better bull market run but I don't like the comparison to the way history has been with the way politics are today.
I'm really just trying to learn with these questions. I typically hurt myself getting puts too soon and I'm trying to become more of a bullish mind in the market. I just can't see it right now.
I did read how thanksgiving to new year is typically the better bull market run but I don't like the comparison to the way history has been with the way politics are today.
I'm really just trying to learn with these questions. I typically hurt myself getting puts too soon and I'm trying to become more of a bullish mind in the market. I just can't see it right now.
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