yeah, this oil price rally does not look sustainable.

big bears lurking...

For the first time in last 5-6 mths, US oil build up us NEGATIVE! meaning consumption > output ? your grocery is getting more pricy even without msian gst.

it's all hedge funds at work.
gotta be very careful.
groceries in pocket.
wait for next round!

Hug gold when crash ??

I don't think it translate to malaysia gst like that. but it should have some correlation to WTI price and Brent price.

US oil consumers ate up 3.9 mln barrels more last week (it was last friday last snapshot from prior week).
The weather gets warmer, people go outside and play.. spring time, more traveling.

But, since last year, the total inventory is doubled..
Normally stocked/oil inventory is US is supposed to be 360-400 mln barrels for past few years.
Then, suddenly in started in Dec (till now).. it creeped up to 480 mln-490 mln barrels.

There are still over almost 80-90 million barrels of oversupply in US.
Say if everyone drives like crazy during summer time, it would not have consumed all so fast because imports are still going (the Saudi's didn't stop pumping) and the some idle shale rigs are waiting for the magic $64-$65 to hit before they start pumping again.

The oil traders are bidding up the prices in anticipation of other things... like pushing up stories like more explosion in Yemen may distrupt Oil production, etc... Saudi sending in more planes (hasn't happen yet but may).
Their machines can pull up the prices in steps and make it fall like rock..

So, tread carefully here.

This post has been edited by danmooncake: May 7 2015, 01:48 AM

Thanks Dan for the detailed insight.

...yellen talked about high priced equities and the world is collapsing like 911..dont like her style nor her speech manners since day 1. Greenspan and bernake would be more.diplomatic n choose more considerate words with cushions. Urgh!

This post has been edited by mikehwy: May 7 2015, 02:03 AM

She's letting the bears out.... watch out!!

The real story is that she said it was high and the uptrend is still intact. I mean no fed chair has ever been so blunt - there's no reaction to it at all. It's like she just hit the market with this really big stick and it didn't hit the floor. You'd think by now we'd see some panic selling but it's like no one is really listening to her.

She's basically yelling that the house is on fire, and only some people are heading for the fire exits, and even those that are, are slowly walking toward it.

This post has been edited by wodenus: May 7 2015, 02:56 AM

Frack.... 10 year treasury suddenly spiked. Bulls are running for the hills..

Global selloff in gov bonds!

I was thankful.that yellen did not say "its time for correction". Else fire rescuers will find me under a mass of debri which is once my corner double storey house. Huh!

XLE finally coming down...

Come down below $80.. and let me buy again.

She didn't say that, but she implied that. Not even 0.5% drop, and that is after she said the house was on fire. This is a drop:

This post has been edited by wodenus: May 7 2015, 02:22 PM


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xle <80 higher chance than than spy <205.

yes, either one... will dive in.

bloodbath at the doorstep.


get yr cash ready if u dare!

Yup, pretty much all my Holdings are in the red today!

same with everybody!


still, i m hopeful catching a small consolation prize.

Things r cooling down. Doesnt look as bad?
expecting a yoyo evening with UK election drama.
baba jumping via its better than expected result...(dont know anything faked or not in this china accounting).
is it worth to catch falling knife? Tmr friday job data wont be good as wed data was seen as the preview.to fridays data.

Fasten my seat belt n see from far...

German, france, swiss fighting back...

Looks a red turn green saga.at open.
oh my...xle on offer ... -1.00 !!!

Make it 79'ish. I'm ok to dip my feet in.