Moving the Shrimp to Fiji, if the plan works.
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They're just waiting for the government to confirm the numbers. Nobody trusts the oil industry or the government, except when they agree.
API shows 3.4 million barrel build.
I missed again, darn it.
Edit over duplicate:
In about 10 minutes, we see API. I am going to take a WAG and say 8 million bbl build.
I am an optimistic oil short.
Last two weeks were low, and off trend.
20 cents in five minutes seemed significant compared to any other drops today.
Falling hard in AH. Don't see that very often. Even when Apple reported, didn't seem to fall.
Data? What data?
S&P and crude, joined at the hip, for now.
Just like that.
I am out of posts, so I'll be on Twitter until Happy Hour.
My handle is Judge Spock if you want to see me there.
I don't usually make a lot of market commentary, but if I see something important, I might.
Watch TLT. If it breaks down hard, dump the VXX. IMHO.
Bonds rarely lie, but they do from time to time.
I am trading it. Don't like to hold it long. Every time they roll the contract, it loses. Over a week can be painful unless the market is moving.
That Max could really move VIX in our favor. People willing to pay premium to exit a losing put instead of taking the shares, or not.
Just remember, it's actually a futures contract, and you are paying for contango. You have to trade it., You can't be a perma-bull.
I got 500 at 16.3999 LOL. Just mashed the button at market on the downdraft.
VXX felt like an abatross yesterday afternoon. I dumped 900 shares. Don't make me buy them back.
SPY is now up. Evidently they think that weak jobs means improved earnings because payrolls are trimmed to perfection.
Here the deal:
I figured out how to stop Global Warming, and it requires water pumps. Water pumps have copper windings, and use a lot of energy.
CPER is the one I am using. There could be another with better volume. IDK?
I've been trading copper and oil. I found a reason to own both, but the pricing hasn't been too friendly to me.
197.50 would be a great neckline. I could like that picture.
204 neckline at the 50 day doesn't really impress me for artistic purposes.
Edit to Add:
I lightened up my short yesterday for the same reason. Also, could form a right shoulder pretty quick.
The jobs thing sort of sobered me up. Hard to bounce big on that news.
SPY is a tulip. When tulip bulbs sell at near 25 times earnings, it's a good time to lighten positions and trade near the exits.
I think Bernanke said it in his farewell. Monetary policy cannot do what fiscal policy doesn't allow.
Another wonderful report from our socialist global masters.
So how many jobs did we create for immigrant invaders last month?
How many for American workers?
I personally prefer shunning and shaming to killing and maiming. Just build the wall. We don't need to nuke them, yet.
Boyd really did leave a dirty mess. I still think a RM is the best idea for what's left. I don't think the shares are available without his consent, and then you have to deal with the convertibles.
API Crude build is 1.3 M bbl.
Not as big as I thought, but still growing.
I think we know how high a dead cat bounces.
I thought you were going to buy the shell and turn it into a software company or something?
How is it going?
I don't think so. I covered some in the AM and just reloaded.
The inventory includes bbls produced by OPEC, and shipped to US Ports. Current levels. Not US Production numbers.
Probably both are stuck in a tight range until 4:30 API Inventory.
I will get the number off Twitter and type it here.
American News feeds apparently suck at delivering timely data.
I've been waiting months for this bubble to pop.
Fundamentals, not technicals.
I actually believe oil will go back into the 20's, and cause a credit disruption. It's just a BS rally delay.
Option traders are too smart these days. They won't pay the high premiums, so VXX gets stuck, theta burns, and contango kicks in.
Might have to go from temp to perm. Temp is short for "TempInsanity" My old Yahoo nick from before I came to Ihub.
I've repressed it for so long. It's a relief to finally put it on a message board.
You mean it's not Microsoft and Bill Gates spy software?
Freudian slip. I secretly want to make millions on a $100 options purchase. O-)
Oops, edit. Derp.
It's a serious problem. I am counting chickens before they hatch. If SPY hits 200, I am going to buy a real trading station. My streamer keeps freezing up.
I keep telling myself I'm going to ride this one out, and then quit. I'm pretty sure that won't happen.