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Saturday, April 20, 2024

$500 Friday – Follow Philstockworld For Futures Fun!


Our morning Alert to our Members (and Tweeted to our Followers) made over $500 already this morning.  How did you start your day?  

In just 5 minutes we made our first $250 (per contract) of the morning and then we got a chance to re-load at $107.50 at 3:50 where we shorted it again (also noted in our Live Member Chat Room) and second time was already a charm as we got a much nicer run – this time all the way down to $106.75 for a $750 PER CONTRACT gain.  

We're still shorting oil as it retests the $107 line and, if you read yesterday's post, you know why we are shorting oil already but this morning, if you want the late, authoritive word on the subject, the IEA just (7:58 EST) released a statement:

A lightning advance by jihadists across northern Iraq has rekindled concern on oil markets, but the IEA has cautioned that supplies from the leading exporter may not be at immediate risk.

In the past week militants have swept across northern Iraq and were closing in on the capital Baghdad, sparking fears that OPEC's number two producer could be hit and sending oil prices to their highest levels of the year.

'Concerning as the latest events in Iraq may be, they might not for now, if the conflict does not spread further, put additional Iraqi oil supplies immediately at risk,' the Paris-based International Energy Agency said on Friday, on a cautionary note in its monthly oil market report.

USO WEEKLYIn other words, exactly what I told you yesterday!  Of course, CNBC has not reported this news (so far, I'm only finding the report in Australia) – they are still busy mongering fear to drive up the price of oil for their sponsors – so there is still time to short oil Futures (/CL) at $107 before the sheeple wise up, or you can join us in one of the longer-term short plays we put on in yesterday's Live Member Chat (which you can join here).

If you are too cheap to subscribe – I'll give you a hint – we're shorting USO at that $39 line, as well as SCO (as I told you we would yesterday morning) and we're using options for leverage in a trade that can make us up to $6,650 in profit on our $1,350 cash commitment (a 492% return) if oil is under $105 in October.  Still plenty of time to catch that trade this morning.  It was also sent out as an Alert to our Members yesterday morning.    

oilimportsWe do our best to educate our Members at PSW as to the FUNDAMENTALS of a trade.  Fundamentals like the fact that there is no reason that WTIC (West Texas Intermediate Crude) should go from $102 to $107.50 (5%) in a week over a skirmish in Northern Iraq.  

We don't get any oil from Iraq!  In fact, as you can see from this chart, we barely get oil from anywhere outside the US anymore and our inventories are stuffed to the gills and demand in the US, as it is in most of the rest of the World, has fallen off considerably in the past few years:


Forget peak oil, we're seeing PEAK DEMAND for oil pass us by!  Keep in mind that the non-OECD line on the chart above is just 1/4 of all demand and that is barely positive while OECD demand (66M out of 90Mbd demand) has been NEGATIVE since 2008 with the very brief exception of 2011 but, of course, that was only up 2% compated to 2010, which was flat to 2009s 5% decline.  

In other words, the demand NEVER CAME BACK but that fact is being covered up by a cartel of Billionaires who own the supply of oil as well as the media that they control (see excellent History Channel report on the subject).  As I noted yesterday, the "demand" on the NYMEX for 172M barrels of oil that is scheduled to be delivered to the US in July is completely and utterly FAKE and those contracts will almost all be cancelled by next Friday – purposely shorting out country oil just at the start of summer driving season. 

Click for
Current Session Prior Day Opt's
Open High Low Last Time Set Chg Vol Set Op Int
Jul'14 106.84 107.68 106.70 106.76 08:27
Jun 13


0.23 45654 106.53 172551 Call Put
Aug'14 106.08 106.84 105.95 106.06 08:27
Jun 13


0.28 19133 105.78 253867 Call Put
Sep'14 105.05 105.86 104.97 105.08 08:27
Jun 13


0.26 8735 104.82 178579 Call Put
Oct'14 103.90 104.65 103.87 104.00 08:27
Jun 13


0.30 5370 103.70 108497 Call Put

What is going to happen over the next 6 trading days is that the July contracts will be cancelled and almost all of those FAKE orders will be rolled into FAKE orders for August, September and October.  We'll keep track of it and you can watch these numbers move from one month to the next.  This is a scam that is constantly run on the American people in order to overcharge them by 10-20% for their energy consumption (see "Goldman's Global Oil Scam Passes the 50 Madoff Mark!").

Since we can't beat them, we may as well join them and play along with the scammers and take advantage of their market manipulation.  

Of course, I prefer to play on the opposite side of the table – taking their fake bets and forcing them to pay us when they manipulate the prices higher, because I feel better about doing that than participating on their side of the table and screwing my fellow citizens – something they seem to have no trouble with at all.  

We're not always Robin Hood.  Yesterday I suggested being the Sherrif and playing the Gasoline Futures bullish to our $3.10 target and this morning we hit our goaaaaaaaaaaaaaaalllllllll!!! and took a $2,520 PER CONTRACT gain off the table.  Not bad for less than 24 hours "work":

That one was a FREE trade idea, right in the morning post, which you can have delivered to your mailbox at 8:30 every morning for less than $1 per day by SUBSCRIBING HERE.  These prices are only good for the summer and will be going up 100% in the Fall.  Yes, that's right, inflation is a bitch but, fortunately, we know how to hedge against it at Philstockworld! 

RUT WEEKLYSpeaking of inflation hedges, the Russell is bouncing off our 1,155 pullback target (as predicted in Tuesday's live Webinar and good for a $2,000 per contract gain) and we like that one bullish with tight stops below that line (/TF Futures).  

This time, we're on the side of the manipulators, who will at least do their best to make things seem better into the open.  

While I'm writing this, oil is down to $106.50 for ANOTHER $500 per contract gain so it's time for me to join our Members in the Chat room. 

Have a great weekend,

– Phil



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