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I'm on the verge of backing up the truck if WTI will give me one more drop.
They threatened 4-5 times already and chickened out every time. A decision not to raise will pop Oil and Gold.
You think it might drop until the Fed announcement?
I was thinking 22 for NUGT as well. My hesitation though is that it's not that much lower than yesterday's low. UWTI. Not comfy until WTI gets closer to covering more of that last naked candle. More of a classic double bottom.
NUGT is at an all-time low.
One problem...WTI still has room on the downside and guess what dictates UWTI? Tomorrow should be interesting.
Just not quite there yet.
At this point I'm thinking 38ish for a double bottom but you don't want the second bottom lower than the first. 37 would not be good.
Never happen. Notice Bush didn't bomb Saddam's source of income. We did just the opposite. We put up a protective shield around them. Oil always comes first and ISIS knows that.
Pretty weak. Waiting on sub-40.
2 grand divy from SDLP today.
Still in the shitter!
Whoop dey it is...40.17. Close enough. Hope it stays down here at market open.
Back for more fun @9.70
In SDLP @9.74. Watching UWTI. WTI has not hit 40 yet. Waiting to see if it takes one more little dip.
Look at the naked candle on the WTI daily. No surprise it broke 41. 40 at least coming.
Yeah I saw that. TVIX did well. Wish I had held DWTI! Damn.
The Fed backpedaling on the rate hike already.
Best watch WTI. It has a bit farther to go before a true reverse, IMO. That naked candle is still naked.
Not time yet. WTI is hunting 40.
Gold is at 2009 levels.
Glad I stopped out that's for sure.
UWTI- Tried and failed @8.54. Stopped out.
In @8.54. Stop 8.15.
Out of NUGT for a decent profit.
In @8.80 for a bit. Almost covered the gap @8.60. Tight stop.
Not surprised at all. This thing swings big. Take your profits. BUT ultimately, IMO, we'll see 40 WTI. Then and only then is when I'll back up the truck.
I would need balls to step in now knowing there's a huge magnet @WTI 40.
Atta boy! Damn the torpedos. I'm holding NUGT over the weekend. Oil might hit the big four oh next week.
You got balls that's for sure.
When WTI gets near 40. That's what I'm waiting for.
NUGT- I just saw the historical low of 23.60 and figured if there's ever a time to take a gamble, this is it. Gives a definitive stop point and a possibility it will close the overhead gap @28ish.
That's what I'm thinking. I sold the D yesterday for decent profit. Didn't want to hold overnight. Shoulda coulda woulda. But yes, I personally wouldn't load the boat on UWTI until we see 40.
Yep. Picked up NUGT!
Day 2 of thank you D! Back in @94.60. Out @100ish.Looks like it could go to 110ish tomorrowish.