broad market is still going strong.

unlikely wti will go down by closing.

will have to see next 2 days if "supply woes" will come haunting again.

the situation is precarious, very sensitive to small matters.

Complacency is settling in.. all is calm, no rain or storm or any kind of bad events on the horizon.
VIX is low, bond yield is low, energy prices low... unemployment low... all is good.
Crazy as it sounds, market participants expect a 5% more up from here.

Only thing that can bring down this market is if Fed mumbles another possible interest rate hike.
But, most unlikely with the US election in November. They may not want to derail this rally.

Not sure where crude is going but likely it will stay within range bound here till end of year.

45.65, close enough!

think it will slide again tmrw.

more so if market takes profit.

bulls are so still in charge!
they so want to take out 2200...

This post has been edited by yok70: Jul 21 2016, 03:50 AM

dow had risen 9 days in a row.

major earnings reports continue tonight.

market expecting a 10th day win.

dow taking a breather.

and wti... bulls finally acknowledge last night's eia report:

Oil prices slip as US gasoline stock build raises glut worries

43.44 coming?.....

the way it slipped from 46 to 45 in 24hrs says that is very possible.

44.xx already....

next 90 min will be interesting.

Still holding 44.50 here.... how many times we've been here???

Ok, if it doesn't want to go down below it, it should go back up again, right?

Let's ride up one more time.

errr...

i want to ride down a little further.

tmrw, rig count...

i play vix this round....

Buying VXX? If so, be careful.. this one has super decay built-in.

even worse, buying uvxy!

Good luck!!

Ok, it is time to turn this ship around... Dow already back off from the 3 digits lost.

Come 'mon mr. market.... ease up , ease up.. don't make this a puke fest.

ya, tonight will be interesting to see.

whether market will take more profit or resume gains on a friday.

eyes will now be on boj july 29 after ecb holds helicopter money yesterday.



wti getting serious support at 44.50.

will be fun to see if it will bounce back or break to move lower still.

my bet is it will head for 41.xx.

here i am 10min before opening.

hoping to buy more dwti since european traders pushed it up to 45 earlier.

now, they dump predictably just before they get off... 44.47.

Oh crap... Oil bears open the trap door below 44.50.

XLE still holding steady but it won't be longer if general market pulls back following crude later.