Regards price of crude i am noting price at gasoline pump where i live is going down, not rising.
I am seeing a disconnect in price of crude per barrel and price at the gasoline pump.
So it seems crude is on a fear of/risk premium pricing, as opposed to actual supply and demand.
Barring an actual realization of the fear i can't see the crude staying much longer at these levels.
I am in loooongterm short play and shorterm buyside on bounces.
From my point of view oil at 35 a barrel will erode the economy, regardless; though a drop from the present levels would give a market a shorterm up stimuli.
i will do search to see what your present Qs are as i would think they should be getting to enticing levels.
i see MRVL and OVTI earnings this week.
A stat i have learned to be attentive to, the NYSE % of stocks BELOW 200ema.
It be now in 45% area--DecisionPoint charts show any break below 20% is a intermediate to longterm bottom, the last time we were below 20% preceded a 10month rally(that i classify as a looooong term cyclic bull rally as i remain in the unequivocal view we are in a Secular Bear market)
We broke below 20% September 2001, July 2002, October 2002 and March 2003.
What would be a crowning indicator of this is still a secular bear market in NDX/COMPX would be a 17ema/43ema cross down on weekly, and 6ema/10ema monthly.
We have not yet quite completed these crossings if one rejects StockCharts and accepts DecisionPoint.
My own data feed matches DP, i will have to try to make an e-mail to SC and hope they can offer an explanation for these disagreements.
Maybe they are right---but i am for now biased against their readings.
He played his video game night and day.
The MAZE of Death.
But that is the game we all are in, the trick, don't believe it.Get above it all and imagine nothing is what it seems.Kill the machine.otraque
AI
