These 2 groups r making a fool of statistics. Always confusing me...

Still, many congrats to your brave persistent punt!

i will probably get out partially before eia data comes out.

but this time, i have a hunch eia will say -5mil or so.

Lower stockpiles!!!
Crude is on the rampage!!!

not out yet... 10.30pm.

BREAKING: Oil prices spike as US crude stocks fall by 4.1M barrels

Hitting 49 then 50 ?? !!!

the tricky part is it has gone up a lot with api's -3.9.

with -4.1... may not be enough to push it much higher for now.

better go slow... not to get caught "up there".

Wow. Look at that no end rising of crude chart !!
Impressive indeed.

Crude could be pushing dows to +200 soon.

2 days of bull, i notice only 1 stock that is not going anywhere - AAPL!

healthcare, energy, financial all recovery 1/2 or more after brexit fall.

Agree on your observation here.. AAPL has this strange weight on it eventho it is the cheapest tech stock in terms of valuation.
Super expensive stocks like LNKD, AMZN, TSLA all at sky-high valuation are being pushed up.

Market already recovered half here ...as usual again, we have seen this game played over and over.
The thing is.. what's next?

Oil is back to the 49'ish again... time to lighten up once again.
Let's continue to play this range (45.xx to 50.xx) until it breaks out.

This post has been edited by danmooncake: Jun 29 2016, 11:42 PM

think aapl got hit by some dev in china - patent infringement accusation, news of some places banning it...?

i bought a little goog that day at 670, looking ok. most expensive price per pop i have ever bought!



oil... sold all uwti, nice. sold oih too.

now wait and see which direction it will go from here.

2-2.30am may provide a clue.

agree, at this time, i can neither see it going past 50 nor going below 46 than soon.

omg! crude could be hitting towards 50 barrier soon.
what a ride!

Amazing isn't it. XLE (same goes for Crude Oil in terms of percentage) now is back to the day prior to the so-called Brexit fears.
This is as-if last Friday-Monday price collapse didn't happened.

This post has been edited by danmooncake: Jun 30 2016, 02:20 AM

attempted but did not get there.

think it'll take a short breather and try again tmrw!

very good for those who bought on fri-mon!

It's funny how the crude inventory drawn down (this week after EIA report for week of June 24th) spiked up the bulls side so much more than when we had a lesser drawn (the prior week).. prices didn't go down much at all.

IMO, those inventory numbers didn't matter much at all... but the market price over anticipating demand here.
All eager to spike the price up to test and retest until that $50 barrier is broken.

But, time isn't on the bull side much longer. In two or more months, seasonal driving season will wind down in North America, more and more rigs will start to fire up again, we'll go back to doubly oversupply mode again by the time production catch up.

This post has been edited by danmooncake: Jun 30 2016, 03:20 AM

50 hit....wow....

think so too.

just have to play 46-50 range with care.


it just might retreat tonight - brent hit stiff resistance at 50.90.

bulls and bears will be fighting hard tonight, i think.

Hey, abit of a dumb questions.

But what is all the lowyat sifu's current favorite broker for US stocks?

pls read post #2.