is... watching & waiting
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Taking a starter when the Fed orgy stops ... three members to continue the charade today but $68-71's look like a decent starter
Gold just can't withstand the fight of USD .. Dust should be volatile as long as Fed presidents talk every other day. The good news is the S&P is actually high enough for them to think it's okay to raise. Bigger picture I'm still bullish gold above $1200 but a pivot point is appearing on the horizon.
Good luck all
In $11.85 PM
Limit order at .0037 didnt fill for a second straight, well under the 900K vol., starting to get worried.
Any retail been able to sell lately?
They'll use every minute ...also 50/50 chance they wake up to a yield sign
Tug o war, they could do this all afternoon - calling it a day ... some bearish 15m candles bigger picture, trading range PA
Whispers of draw at Cushing - oil recovers $0.60
Bulls seeing what they got at 2053 - choppy open, could become one directional if this push fails
The Biggest Bitcoin Arbitrage Ever?
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First day of week last week of month 4 hr SPX looks range bound, suspecting indecision at the open probably wait for the first 15-30 min candle, 2057 resistance 2040 support - whichever breaks first determines the week
Good luck all
They wouldn't dare post fins before the open you see
Crude oil stocks ended in April at 540.6 million barrels–the highest April inventory level on record in 96 years, since 1920.
http://fuelmarketernews.com/api-demand-for-petroleum-rose-in-april/
U.S. crude rose 3.3 percent last week, while Brent was up 1.7 percent, as unplanned supply outages rose to the highest since at least 2011 due to wildfires in Canada and losses in Nigeria, Libya and Venezuela. But global oil supply has still outstripped demand by around 1.5 million barrels per day, Russian Energy Minister Alexander Novak said on Friday.
Lifting of the evacuation order late Friday allows Suncor Energy Inc. SU, +0.58% and its Syncrude subsidiary to reopen two major oil-sands production complexes that have been shut down for over two weeks because of the threat from forest fires.
Prices were also retreating after oil-field services firm Baker Hughes Inc. reported the number of rigs drilling for oil in the U.S. was unchanged last week while number of oil rigs in the Permian Basin in West Texas rose. Analysts said that while U.S. crude production has slid in recent months, the uptrend in prices is likely to entice some U.S. shale producers who were marginalized earlier by the price collapse, to start new projects.
“Traders are also beginning to try to second guess any outcome from the June 2 Organization Petroleum Exporting Countries meeting where current expectations are very low for any change in policy or production,” said Stuart Ive, a client manager at OM Financial.
Media reports said Iran recently reiterated it has no plan to join any production freeze at the upcoming OPEC meeting.
All but one of 27 analysts surveyed by Bloomberg said the Organization of Petroleum Exporting Countries won’t set an output target on June 2, as it sticks with Saudi Arabia’s strategy to squeeze out rivals including U.S. shale drillers by pumping near-record volumes.
Yellen may help Friday
Euro data Mon, data [Dow] dependent Yellen Fri ... plan accordingly
Sold $13.9 - melodramatic afternoon looks like Bulls want 2050 to stick
Enjoy the weekend
Considered tatooing it on my lower back
Starting to roll
Snagged some $13.7 for an EOD flip
Oil rigs unch after declining 20 of the 21 previous weeks
It is designed to do so
Range bound action, I conceded its impossible to stay afloat in this market via VIX/short equities/long anything (sans oil from $30) without trading around a core, particularly the first two. Emotion, fundamental (apologies for cussing) out the window, bigger picture S&P will test lower [1994/96, quickly after 2026, there's weak supports between which will be bought by dumb Bulls, only to fail] the only question is whether the bulls that buy it up thinking inverse h\s make new highs.
TVIX is so low now VIX has to go dumb for ROI minus big positions/scalps, unless you're in on that day the black swan.
SP gets bought back up every time until first sub 20 handle, it'll be a gorgeous bull trap imo
Cheer
3:00pm ramp, time to get market back to unch
Third push at 2026 failed should bounce
Sold another third at $15.7 - looks like 2026 will hold calling it a day, flush will come, let the algos scalp the afternoon away
Good luck all
Another test of 2026 2nd push here Bulls look weak, algos scalping long monthly guys selling short
If anybody wants to buy... I'd appreciate my capital back
Volatility making a comeback - Great trade
Trying to break out - bull trap at LOM, crude LOD off -3%
S&P trying to break out lower, crude sliding again - buckle up
Sold a third at $14.90 - holding the rest for a selloff eod or tom, third week of month should see some profit taking, sideways to lower, short every bounce... eventually 2026 breaks and we flush
Good luck fellas
Absolutely, both opposed the April hike - fingers crossed a dovish tone doesn't sweep through the air again.
WMT providing the U-turn in futures thus far.
Not to worry, the two speaking today are sure to contradict yesterday ensuring the market remains confused
What would ECIG use as security?
Warrants at $0.15
Snagged some $14.4's yesterday probably taking some profit PM, Fischer at 9:15, Dudley at 10:30 should ease the Fed scare
USD ruining a great month for NUG, gold will have a $40 dollar day when they don't raise rates again. Stanley Fischer at 9:15, Dudley 10:30 could provide some reprieve.
Market's certainly believing it... dip buyers could be in for a treat this go around
Testing last month's low, dip buyers should step in
USD goes parabolic - oil gives up $0.77 red on the day
Bull-Trap .. should be one directional, need to test lower bigger picture