is...itchy
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Abe Vagoda dead, let's rally SPY for good ole Fish!
Oh man, just don't ask me to kiss the ring....
Imi Alert #2
90% to buy
$500 mil to buy
exactly! lol no problem
Always looking to take credit.... man o man... lol
Imi Alert #1
90% to buy
$600 mil to buy
Yeah, people have no idea how bad it's gonna get...
So the Fed will run oil up before the meeting to make it look "not as bad" lol... like putting lipstick on a piggy.
Yep. Oil going to 38, gonna be volatile though.
So many oil bears out there... I hope they covered for their own sake. Check your PM.
I know, it's hard...
195 will be on deck soon enough I believe Imi.
I still think Oil goes higher. Volatility is what it's all about. I had sold half of my UWTI and bought a quarter of that half back at the close. The bears think they have control and I am not so sure they do. As I have said before I am not saying that the lows are in, but a strong technical bounce is due. I still have my eye on 38 (possibly 40). At that point I will reevaluate. We know defaults are coming, we knew for a while Iran was coming on line. One of the arguments I have heard is what else could be a catalyst for lower oil? I was in the last decent rally in oil from the low 40's to 50, I think it's a similar pattern again. Time will tell.
On another note, gold is looking mighty interesting. Should trend higher. I got long NUGT again on Friday below 20, except this time, I bought what I wanted and not what I fat fingered. I think NUGT goes to 25-26.
could have been a print on what was sold during the day. That doesn't come in on imbalances.
Imi Alert
$400 mil to sell
I believe that is it. I get mine directly from the floor, so I am not sure what the cost is on a trading platform.
Imi Alert
The first indication was 80% to buy with $300 mil to buy and then it flipped..
current indication is 50/50 on orders with $200 mil to sell.
Good consolidation on UWTI albeit volatile...
Kind of a boring Monday...no fear that I see. I would think that we trade higher and end green.
I think this week will be up barring a major catastrophe.
Oil needed to retrace. Still looking for 38 in the next few weeks. Oil Bears thinking it will be easy to smash oil after rallies, I do not think that is the case. Gold looking interesting here.
I agree, but from what I gather is no one thinks 200+ comes, which means it probably will...
We seem to be in line Odd... I have 198.
It's purely technical Franch...
it has been a sure short bet for weeks and mind you I was short previously. Technically it has broken the downtrend convincingly. I am not saying "this is a bottom and oil is going to 100", I just think we get a rally similar to when it was in the low 40's and went to 50. My target is 38. At that point I can reevaluate and look at (technically) what I should do. Fortunately, I have the advantage of being friendly with many very good technical guys on the street. I take my own view and avg in theirs then go with it. The majority of time, I am early ( as are they). But over the past 20 years we have done very well.
I am sure defaults are coming, but in the mean time, I follow the money flow and institutions (along with technicals) ...all of them tell me oil trades higher in the short term.
I understand your contra view (and I used to be the same way) but we all need to understand stocks don't ever travel in straight lines.
I am simply trying to take advantage of a short term trend and of course this is my opinion. Sometimes I am wrong and sometimes I am correct.
I don't think it's about hope bud... Oil is going to head higher, it just needs to and the set up on the chart says so. Did you get my Gold chart I sent to your email?
Market should trade higher barring any major event. I think we are good for the next week to go higher.
Imi alert after all...
non event...
everything paired off
only $50 mil to sell.
No Imi Alerts today...
My guy is sick... boooooo
Interesting set up Imi...
It is a great guide to help in your trading decisions. I use the 15 min a lot with an RSI (9). That coupled along with my "brain oscillator" that I've used for 20 years helps. I can't look at a lot of information when I trade, that is fantastic that you are able to. Nice set up though!
you and me both!
i was looking to go long up to about 5k total for the trade. In the end the gift horse had his mouth right next to me, didn't look at him!
that's my Imi, always positive! FYI, oil should continue for the next week.
They normally don't work out well!!
I was bid and only showing 300... they filled it fast which made me say out loud "Oh boy they are gonna take it lower"... apparently not... lol... got lucky on that one.
So, I went to buy 1k NUGT this morning and bought 10k (by accident which I NEVER do). The good part, It was @ 18.90... Ditched it at 20.30... Done for the day... lol
Middle of the fork touch Smurf...
China hiring Al Palagonia as their spokesman...
They called in Hannover Sterling, Stratton Oakmont, etal to get it higher!
Imi Alert #4
70% to sell
$100 mil to sell
Imi Alert #3
70% to sell
$300 mil to sell
That's a nice forking fork! ;)
Imi alert #2
60% on orders to sell with $100 million to sell, a pair off of the $200 million JPM order would result in a imbalance of $350 to $400 million for sale