Supposedly tonight after Yellen speech.
I think market already expecting it. Treasury year yield up, Dollar up.

Just another 25bps. The fed fund rate still under 1%.
Only USA folks can stand for so long for low low rate.
If this is in Malaysia (if BNM cuts to zero), it will be disaster.

This post has been edited by danmooncake: Mar 15 2017, 09:47 AM

US inflation is really low too compare to Malaysia. 5 years ago, starbuck cost $5 for premium mocha.
Today, still the same. Malaysia, it has gone from RM10 to RM15.
USD still the same. Ringgit value drop 20%.. WTF.

The govt numbers probably indicate 3% but we all know the real numbers are higher.
You can kinda see and observe it from the everyday stuff that you purchase.

Like Mark Twain quote.. Lies, damn lies and statistics

Nice rally for crude too, settled for 48.75... but we're still in 45-50. Need another leg up to get back to 51-55 range.
Hopefully, OPEC members won't derail this.

This post has been edited by danmooncake: Mar 16 2017, 04:23 AM

I think because it follows the sun and creating the waves of buyers+sellers, US market closed, then couple of hours later, they start in Asian market, they follow thru... and closed at peak. Then, Euro market see it, and take profits (or short), price goes down. Nymex sees it pre-market also takes additional short caused the gap down.
When it reaches the mid of the low.. buyers still in to fill that gap, wave of buyers step for bargain hunt again.
It may be forming a base here between mid 45-50 trying to soak up the supply or distribute out to buyers.

Oil services now (XLE & OIH) now seems to be tracking crude again.

This post has been edited by danmooncake: Mar 16 2017, 11:43 PM

Yesterday bull, today bear (gave back half).
Hopefully, tomorrow bull.

Yup. It's a bull but a smaller one. May turn into a bear too.
It's forming a flag pattern again until it breaks up or down in the next few sessions.
Price barriers getting tighter again.

Nothing for me tonight.. not high enough to short, not low enough to buy.
Volatility got suck out. Options premiums are low for both calls and puts.

I guess the market will be moving sideways for a while.

This post has been edited by danmooncake: Mar 21 2017, 04:20 AM

For a brief moment, I saw both DWT and UWT were green.

I think it has started.... March could be red month for the market.

Another bear raid coming tonight...

I wonder.... has anyone use BitCoin to bypass the traditional banks to transfer money in/out?

Oil rolls back down to $47 again after bearish API and EIA reports.

Will OPEC continues on their target cut by next week meeting or will their members cheat?

How much do they want for the TT fees?

Am getting ready... IMO. need a very strong -300+ pts Dow sell side for it to flush down hard.
I think it is coming soon.

UWT looking better tonight with WTI hovering above $49. Perhaps need a push to get it over that last resistance at $19 so that it can get back up to $20 range again (when Oil is back to $50-$55 range again).

I think a lot of people may have given up Samsung after the "spontaneous combustion" issues.
Plenty of other Droid phones choices (or some may switch over to iPhones completely) and
never look back.

Buy signal for Oil... above $50 now.. All aboard.

Good strategy!

XOM and CVX are two good Dow companies that got good yield.
Now, XOM bouncing off the low 80's again.