Oh dang... right. Bulls still quite strong, despite dropping off from the 50ma line last week before Good Friday break.
Yesterday, they came roaring back strong. Tonight, give back just a little to tease more in.

I'm still skeptical of this overhyped market. Sooner or later, the chickens will come home to roost.

Dunno what happened... the bears just woked up. Dow suddenly gone deep red.
Gave back everything that was gained yesterday.

The EIA inventory draw is actually bullish for Oil.. dang. We should see a turn-around soon.

Yup. Agree. The actual petrol/gasoline price at the pump price adjustment is at their will since everything is controlled by the govt.
If they like it.. and need more money that month, goes up higher. If they want more votes... make it lower by a one 'sen' and call it out loudly, "hey look, govt is looking for after you", but secretly planing already know they're going to jack it up again next month and
blame on market price for refinery has gone up everthough they're getting cheaper crude.

Wait.. temporary only. I think we should sell by early next week before the US govt shuts down.

Another spike of DWT tonight. Looks like it wants to head back to 33, March highs.

WTI now below $50.

Just reaction to the French election news but I think it is a lot of hot air.
I think we should sell into it. The Oil market initially up but now down.

Yahh man! See how they tried spike up the price for no reasons just two days ago but now
they sold back into it and push it back below $49. Now, low $48 as of this writing.

We're back into $46-$50 range play here. I think I'll wait till it reaches the lower side of $45-$46 before dipping back in.
Perhaps then, OPEC will come out with more solid news that the cuts will persist and we'll spike back up to $50 again.

You mean Len Pen (she), right?

If Len Pen wins, it will be like Trump wins. Both are right-wing conservatives.

Market will sell off...

This post has been edited by danmooncake: Apr 28 2017, 03:38 AM

Yes.. remember, there was a short-lived sell off when Trump won the election.

Then, when he came out and said.. "we will work together, to rebuild and spend money on infrastructure"..
market rallies.

I think same thing will happen to the France if the other party wins (which is unexpected).
The (world) market kinda expecting Macron to win. That's why it's high now.

If for some reason, Macron loses..(even by a small margin). Bam.. the bears will come out.
We need to catch that opportunity if possible.

Very weak...

All the promises that Trump made hasn't even started yet.
So, the market will come to its senses soon and big sell off should be around the corner.

I'm still in cash this week... and waiting.

Tough to play Oil for now.. it's between 46-50.. kinda keep you guessing.

For the long term hold (like AAPL, SPY, GOOG, etc), I'm not actually selling the stocks but use the covered calls strategy.
AAPL would have been nice to sell more yesterday before it tanks. The premiums were juicy.

Hot stocks like them also got tons of buyers waiting at the lower level. It won't tank much but hopefully won't rise back until after the out-of-money options have expired.

This post has been edited by danmooncake: May 3 2017, 10:43 PM

Guys.... look at DWT... last high price target has been breached.
Oil now in the 46.xx area.

Be nimble here..

The floor here could be weak.
Next range could be $40-45

Ok... Oil $45.xx, here come comes opportunities or could be some trap as well.

Tread carefully.

This post has been edited by danmooncake: May 5 2017, 12:02 AM

AAPL looks as if nothing has happened... no bad earnings at all.

Oh uh.. the calm before the storm again.
Time to buy protection again.

This post has been edited by danmooncake: May 9 2017, 12:22 PM

Ok guys... wti back to the lower range of 45.xx - 50.xx
Buying here is safer.

Now is at 46.xx, got almost a dollar gain. Hoping that it will continue to rise up till week of May 25th before
OPEC decision, I think the market will sell into the news.

Going to ride this up from here with a tight stop at $45.

IMO, this one is VERY dangerous to play. One must tread carefully.
VXX is already bad enough because of extreme tracking error of the VIX.. and it has decayed so much.

UVXY (being Ultra) is 3x more.. when it gets below 10, they're reverse split again and again.
It will seem that it has imploded 1000 times from just two years ago.

This post has been edited by danmooncake: May 11 2017, 12:00 PM

Not going to buy until it goes below $20.