USA Stock Discussion v8, Brexit: What happens now?
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 Oct 15 2016, 01:14 AM
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All Stars
24,453 posts Joined: Nov 2010 
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BREAKING: US oil rig count rises by 4, marking 15th increase in 16 weeks
and big kazakh oilfield now starts pumping. http://www.bloomberg.com/news/articles/201...wing-for-export dunno what to expect since there is another 45 days before opec meet on nov 30. staying away from oil for now until it goes >52 or <45. this 49-51 range is too tight to play. |
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Oct 15 2016, 01:59 AM
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All Stars
10,123 posts Joined: Aug 2007
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I see a range play between: 42-52 ($10 spread)
In here, there seems to be two levels too: L1: 42~47.50 L2: 47.50~52 Probably a better trade area is around L1 range...or close to it. Since I play mostly XLE, unfortunately/(or fortunately), it doesn't always correlate to crude price movement.  |
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Oct 17 2016, 09:48 PM
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All Stars
24,453 posts Joined: Nov 2010
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wti 49.6x.
time for some opec guy or russian to talk it up!  |
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Oct 17 2016, 10:43 PM
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Senior Member
1,033 posts Joined: Dec 2009
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QUOTE Iran talking about producing 5 million barrels per day Iran's oil minister was reportedly talking about producing 5 million barrels per day today Do not know how they are going to do it since they just started ramping production but it is still talk. |
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Oct 17 2016, 11:22 PM
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(AVFAN @ Oct 17 2016, 09:48 PM) wti 49.6x. No, let's keep it a slow drift back down to $46 first, then talk it up.time for some opec guy or russian to talk it up!  Meanwhile, you should ride that DWTI right? I'm going to wait for opportunity selling more XLE. |
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Oct 17 2016, 11:38 PM
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All Stars
10,123 posts Joined: Aug 2007
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Both Dow and SP500 are near the last support, if it breaks down. I think there will be a major sell off soon.
This post has been edited by danmooncake: Oct 17 2016, 11:38 PM |
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Oct 18 2016, 12:15 AM
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All Stars
24,453 posts Joined: Nov 2010
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QUOTE(danmooncake @ Oct 17 2016, 11:38 PM) Both Dow and SP500 are near the last support, if it breaks down. I think there will be a major sell off soon. i find it eerie... dow stuck at around 18.2K for last 6 weeks.a calm before the storm? but there is no storm in sight - banks are making good profits, commodity prices are up, oil is off low... |
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Oct 18 2016, 12:21 AM
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Senior Member
1,033 posts Joined: Dec 2009
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Federal Reserve Vice-Chairman Stanley Fischer in New York
QUOTE No evidence of heightened risks to financial stability at the moment 'Reach for yield' threatens financial stability Demographics and productivity among multiple factors holding down neutral interest rate Low rates make economy more vulnerable to adverse shocks that could lead to recession No current sign of heightened threat of financial stability from low interest rates |
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Oct 18 2016, 02:59 AM
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Senior Member
1,033 posts Joined: Dec 2009
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US crude oil futures settle at $49.94 per barrel
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Oct 18 2016, 05:12 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur 
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oil rally continues today....
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Oct 18 2016, 10:40 PM
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(yok70 @ Oct 18 2016, 05:12 PM) oil rally continues today.... I hope not perhaps it just gaps up to follow US general stock market after nearly oversold condition but the bulls should take profits.. let's slowly drift down. I hope to see more downside perhaps until after Thursday. |
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Oct 19 2016, 07:58 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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and oil rally continues....
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Oct 19 2016, 09:39 PM
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All Stars
24,453 posts Joined: Nov 2010
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QUOTE(yok70 @ Oct 19 2016, 07:58 PM) and oil rally continues.... becos api says 3.8m bbls draw.will see what eia says later. |
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Oct 19 2016, 11:10 PM
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All Stars
10,123 posts Joined: Aug 2007
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Ahh.. shucks. No pull back. Continue to wait. Oil still quite bullish. Maybe have to wait for good break out above $52. |
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Oct 20 2016, 12:51 AM
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All Stars
24,453 posts Joined: Nov 2010
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crude wants to break out into new highs after eia draw.
if no bad data or negative comments from opec, it might just move higher. close call... will not long or short yet. continue to stay as crouching kitten and hidden lizard.  |
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Oct 20 2016, 06:54 PM
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Senior Member
1,033 posts Joined: Dec 2009
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QUOTE ECB preview: Is the euro gearing up for an ECB taper tantrum? Decision in 50 and press conference in 90 minutes. |
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Oct 20 2016, 07:46 PM
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Senior Member
1,033 posts Joined: Dec 2009
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ECB governing council meeting announcement 20 October 2016
Main refinancing rate 0.0% Deposit rate -0.40% Marginal lending rate 0.25% QE unchanged at €80bn per month |
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Oct 20 2016, 08:36 PM
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Senior Member
1,033 posts Joined: Dec 2009
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US initial jobless claims 260K vs 250K estimate
Dollar index not moving. Draghi : QUOTE Sees a moderate and steady recovery in the economy This post has been edited by zacknistelrooy: Oct 20 2016, 08:37 PMSees gradual rise in inflation Outlook remains subject to downside risks In Dec ECB will have new staff projections through to 2019 Council will review the committees work on QE in Dec Data suggests Q3 will be similar to Q3 Investment should be supported by favourable financing conditions QE will run until end of March 2017 or beyond |
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Oct 20 2016, 08:56 PM
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All Stars
24,333 posts Joined: Feb 2011
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QUOTE(zacknistelrooy @ Oct 20 2016, 08:36 PM) US initial jobless claims 260K vs 250K estimate Actually, if ideal what will happen with the result above?Dollar index not moving. Draghi : USD weaken, decrease chances of rate hike? |
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Oct 20 2016, 09:15 PM
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All Stars
24,453 posts Joined: Nov 2010
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QUOTE(zacknistelrooy @ Oct 20 2016, 07:46 PM) ECB governing council meeting announcement 20 October 2016 markets do not like it.Main refinancing rate 0.0% Deposit rate -0.40% Marginal lending rate 0.25% QE unchanged at €80bn per month they want more drugs! QUOTE(Ramjade @ Oct 20 2016, 08:56 PM) Actually, if ideal what will happen with the result above? that jobless no. is close enough, does not shake things much.USD weaken, decrease chances of rate hike? if too good, rate hike chances goes up, USD up. it too bad, rate hike chance reduce a bit. given all data incl that, rate hike is still likely in dec, maybe 70% priced in now. question is if it will be 25bps or higher. |
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