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 USA Stock Discussion v8, Brexit: What happens now?

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AVFAN
post Jul 30 2016, 02:32 AM

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QUOTE(danmooncake @ Jul 30 2016, 02:21 AM)
Actually, I need 66.50 to let the options expire worthless.
I sold the 66.50 puts.  biggrin.gif
*
bet on both sides, get best of both, nice!


well, looks like holding just at 41.50.

no more ikan bilis, see what happens net week.

been a hectic week...

have a good weekend! biggrin.gif
AVFAN
post Jul 30 2016, 11:46 AM

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QUOTE(danmooncake @ Jul 30 2016, 04:26 AM)
Time to celebrate. Will play again next week.
*
rclxms.gif

from this point, gotta be extra careful.

.. revisiting 41.50/40; last seen on apr 18, gained 10% in next 2 days, then went all the way up to 52 in june.
.. bears are taking profit.
.. opec been silent for too long, likely to make some noise soon.

.. on the other hand, stocks are at all time highs... risks increasing.
AVFAN
post Aug 1 2016, 07:58 PM

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scary... there are more and more reports on an imminent correction! biggrin.gif

but for tonight, dow futures +2x.

wti at 41, looks like wanting to go back <40. tongue.gif



u gotta go short!
http://www.bloomberg.com/news/articles/201...-to-go-but-down


This post has been edited by AVFAN: Aug 1 2016, 08:22 PM
AVFAN
post Aug 1 2016, 11:52 PM

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QUOTE(danmooncake @ Aug 1 2016, 11:50 PM)
Tipping my toes here at 65.50 for XLE.  sweat.gif
*
going for 40, i say. tongue.gif

dwti is 123! laugh.gif
AVFAN
post Aug 2 2016, 12:00 AM

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QUOTE(danmooncake @ Aug 1 2016, 11:56 PM)
Just 20c more.. will it breach it?  Gotta to watch and see what happens.
I'm hoping for a quick bounce back up after teasing by bears.
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should be after 1am.

i will sell dwti before that, wait for it to bounce.

then, it should slide again.

bear, bear, man...

Growing Oil Glut Shows Investors There’s Nowhere to Go But Down
http://www.bloomberg.com/news/articles/201...-to-go-but-down
AVFAN
post Aug 2 2016, 12:17 AM

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QUOTE(yok70 @ Aug 2 2016, 12:15 AM)
39.50 next stop... biggrin.gif
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i think no so fast.

hanged man also need to breathe a bit la! biggrin.gif
AVFAN
post Aug 2 2016, 12:30 AM

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40 touched.

will it bounce now?!
AVFAN
post Aug 2 2016, 12:36 AM

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QUOTE(danmooncake @ Aug 2 2016, 12:32 AM)
Just saw a quick dip to 39.88.. 

Come 'mon bears.. cover cover cover.  dry.gif
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40 is a strong support level.

i'm going uwti, tiny bet. tongue.gif
AVFAN
post Aug 2 2016, 01:10 AM

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the 1am bulls arrived... but found themselves surrounded by bears. biggrin.gif

if it can't get to 40.20, the next wave of bulls at 2.15am may do the job.

i can't see it going past 4.20 at closing.

This post has been edited by AVFAN: Aug 2 2016, 01:10 AM
AVFAN
post Aug 2 2016, 01:13 AM

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QUOTE(danmooncake @ Aug 2 2016, 01:00 AM)
Yes.. it always zigzag but it has been trending lower highs since the peak on June 8th.

I can see there is a dip to that valley on April 17th (39.51) but let see if this can act as next price support if
$40 cannot hold by closing.

Crude price is pretty fast moving.. it just a couple of days. It can move 10% or more if volatile enough.

Darn DWTI... what a rocket ship.
*
yep, that's the anchor right there.
AVFAN
post Aug 2 2016, 02:27 AM

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no rebound.

not looking good.

got out, time for bed...
AVFAN
post Aug 2 2016, 10:48 AM

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QUOTE(danmooncake @ Aug 2 2016, 06:30 AM)
Bears may jump in again in Asian market tomorrow to play with Oil but
we need to see how Wall street react again tomorrow night, hopefully push it back
above $40..and then $40.50 to $41 and so forth.

Personally, I need it to be in range play: 40-45 to make money.  laugh.gif
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crude is weak, very weak. no positive news at all.

if the past days/weeks are anything, asian/euro traders will push it up some time in the day, then start retreating by 6pm. by 9.30pm, they would have dumped all they want to.

looking at this morning so far, it's barely up.

high chance it will go lower by market opening tonight.
AVFAN
post Aug 2 2016, 07:29 PM

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QUOTE(yok70 @ Aug 2 2016, 06:45 PM)
so far rebounding....we'll see tonight how.  biggrin.gif
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that's the volatility to be expected.

april 17 had a long handle hammer candlestick... it rebounded fast and furious then.

now, maybe history will repeat! biggrin.gif

still, need to wait till 9.30pm, see if european traders will dump it back to 40.20 or lower then.

the thing is... what is there to sustain this rebound?
AVFAN
post Aug 2 2016, 10:53 PM

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cruel man...

40.0->40.9->40.1...
AVFAN
post Aug 2 2016, 11:08 PM

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QUOTE(yok70 @ Aug 2 2016, 10:59 PM)
pretty sharp fall...
*
it's just the traders having fun knifing each other. biggrin.gif

there is nothing to support it back to 41.

will take api/eia to report -3mil bbls later/tmrw.


AVFAN
post Aug 2 2016, 11:47 PM

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40 broken... very, very weak.

may be heading for 35 in the next few days. sweat.gif
AVFAN
post Aug 3 2016, 01:31 AM

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i got in dwti right but got out too early.

so early that i missed $10. biggrin.gif
AVFAN
post Aug 3 2016, 09:57 AM

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all eyes on eia data tonight at 10.30pm.


Oil Rebounds After API Data Shows 1.3M Barrel Crude Draw

AVFAN
post Aug 3 2016, 01:42 PM

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QUOTE(mikehwy @ Aug 3 2016, 01:04 PM)
I think i m wrong...these crude data seems to support the price 'on purpose' ??
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u mean api often bs to make traders push up the price? biggrin.gif


AVFAN
post Aug 3 2016, 03:50 PM

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QUOTE(mikehwy @ Aug 3 2016, 02:23 PM)
haha, yes....some people out there need to manipulate/maintain the price with news here and there..... i was seeing conflicting news and crude stockpile data...? confused.gif
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api data is just an estimate.

best not to read too much into it.

eia data at 10.30pm is the official one that will really swing things.

about stocks draw or buildup, there is total >2bil bbls stockpile already... 1-2 mil draw does not help prices whereas 1-2 mil build adds pressure.

https://www.eia.gov/dnav/pet/PET_STOC_WSTK_DCU_NUS_W.htm

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