Posts Tagged ‘ $CL_F ’

Market Thoughts

A few thoughts here as we approach mid day.  I’m starting to see A LOT of good setups cross my screens, but a lot of stuff is also way too extended short term to jump in here, along with the market as a whole, I will not buy things en force while those oscillators and [ READ MORE ]

Wait For Consolidation

Get out your pens and pencils because I’m moving quickly this morning through a bunch of names.  The market is still overbought short term and needs time to rest.  Crude also needs to pull back, those stochastics are reading above 99.  I think materials take show some relative weakness over the next few days and [ READ MORE ]

Narrow Range

Quick post tonight, but I want to comment on slew of different stuff that I’ve neglected to speak about. We closed a penny away from VWAP on the $SPY today, no coincidence.  Today was the epitome of wait and see, traders are playing some serious chicken.  Don’t be the first to move, wait for the winner [ READ MORE ]

Straight Lines

Today was all about moving in straight lines.  I won’t opine on what that means for the market, just pointing out facts.  Crude oil $CL_F moved straight up between 8AM and 2PM.  When I mean straight I mean straight.  Traders are chasing crude now, the guys in the pits are having a ball, and stubborn fundamental [ READ MORE ]

Gold and Crude Oil

I’m still working out a few kinks in the new site, this weekend I’ve experienced a little issue with links.  Due to this issue I wasn’t able to write the weekend reading post this week.  Instead, I wanted to spend a few minutes tonight looking at weekly charts of both gold and crude oil. The [ READ MORE ]

Crude Has a Nosebleed: Postmarket Update 8/31/09

I asked the question this morning, would the bulls buy this dip or were we headed for a larger breakdown.  Well, we didn’t really get either.  If there ever was a perfect doji day, this was it, we went nowhere between open and close while trading in less than an .80 cent range on the [ READ MORE ]

StockTwits Desktop