Oh dear.. oil got walloped by API numbers. Now have to wait and see if EIA can confirm.
Hopefully, EIA will have some drawn down and 48-49 can hold.

This post has been edited by danmooncake: Oct 26 2016, 10:04 PM

Nice!!!

I think it got good support around 112.. that 50ma line.
If it touches there, must get some already if AAPL is your collection.

Yeah.. if since you're long term investors. AAPL can reward if you're patient.
Almost already up 10% YTD, better than SP500 (5% so far).

Housing market in US remains quite bullish..almost back to pre-crash era.

Oil is fighting to get back to $50..it does not want to back down yet.

Looking at USO and UWTI, they look bullish.

I think knee-jerk reaction again. Dip down to last week low, then came back half.
But, not over yet.

One more week to go for election. It's may be a wild ride. Any indication Clinton is losing and Trump gaining
before the final E-day on the following Tuesday.. bam. 100~200 points swing easy.

Get some cash ready.

This post has been edited by danmooncake: Oct 29 2016, 02:59 AM

Going to wait and see if it can touch 46.xx then time to nimble some.

Ok.. we're at 46.xx now. Trying to get some here.

It's strange to see DWTI red when WTI also red.

Wow.. that API report is quite bearish.

Last week, I think EIA report was opposite of API, right?
Not sure if Oil will go under $40 but we're just about $5-$6 away.
Supposedly, $40 should be the new floor.



This post has been edited by danmooncake: Nov 2 2016, 11:07 AM

Ok guys.. $45 better hold here. I'm half in already.
Leaving half just in case we dive down to $40.

FB beats on top and bottom line.. but gets hammered after hours!

Head, you lose
Tail, you also lose.

Also, 27 days till next OPEC meeting but somewhere between 2 weeks, the market will know if
there's any indication on whether their members till commit to it or not.

If no agreement.. maybe we'll go down to 40, if agreement.. we'll see 50+ again.

Should be +/-5 pts move within the next 30 days.

Maybe can play a little straddle here.

The ^VIX indeed up another 10%. Now, above 20 again. Market indeed nervous.
If spiked to 30, just pile back on with everything.

It's almost there..

Also, did you notice that UWTI has decayed quite a bit since the last low on Sept 28, which on the same
day when DWTI scored the last high of $86. DWTI revisited the same spot tonight but UWTI is $2 below that $20 price.

Hopefully, Crude can find its temp bottom here at 44-45 and hold till after US election. The general market seems to be going nowhere now.
Volatility spiked up this week but recoiling tonight. Two more trading days next week till election (up to Tuesday).
A lot of traders are re-positioning themselves for the big event next week.

Not a good week this week.

Hopefully, they won't sell the news next week.

FBI clears Clinton... big rally coming tonight!

330+ pts on Dow.. time to take my money off the table here.