Oil/Craigs – I think the rollover day is Weds, so things should get crazy on that inventory report but, as I'm sure you are aware, $46 is right in the middle of the range so it would be silly to try to guess which way we go and even sillier to play oil when it's essentially a coin flip at this level – very much unlike /NG, which was easy money with a long at $2.70 so why would we waste our valuable time paying attention to random BS when we could be making perfectly good plays off strong support lines?
Oh, and before anyone asks – no changes, of course:
I don't know guys, this market seems unshortable but have to take another swing if 18,450 doesn't hold and we're lined up at 2,165, 4,595, 1,210 and 16,600 so 3 of 5 of those below and you can short the laggard but NOT shorting if 3 of 5 are over.
Watch the Dollar at 95.92 – it's weakness is keeping things up for now.
July 18th, 2016 at 9:48 am
Good morning!
Oil/Craigs – I think the rollover day is Weds, so things should get crazy on that inventory report but, as I'm sure you are aware, $46 is right in the middle of the range so it would be silly to try to guess which way we go and even sillier to play oil when it's essentially a coin flip at this level – very much unlike /NG, which was easy money with a long at $2.70 so why would we waste our valuable time paying attention to random BS when we could be making perfectly good plays off strong support lines?
Oh, and before anyone asks – no changes, of course:
Failing 10,000 on DAX would be BAD:
Not that anyone's worried.