nasdaq all time high.

would love to see goog hit 800.

2200 also coming....

Sold n took profit, 22.21. Decent crude profit. As usual, sweated alot along with patience.

ECB leaves rates on hold and Euro is rallying quite nicely.

Draghi begins by confirming that interest rates have been left unchanged.

We continue to expect that they will stay at present or lower levels for an “extended time”, he says.

And he also confirms that the ECB expects to run its QE programme until at least March 2017, or longer if needed, and until “a sustained adjustment in the path of inflation” has been achieved

This post has been edited by zacknistelrooy: Sep 8 2016, 08:35 PM

no use...

all that qe won't work anymore, just building pressure in the bubble.

but... w/o another way, all central banks will keep doing that.

until a major one collapses.

just hope we are not left holding it when it happens.

wti...

we will see what eia says in 30 min.

it's gonna get rough, i think.

U.S. crude stocks fell 12.1 million barrels last week, data from the American Petroleum Institute showed after the market settled on Wednesday, compared with expectations for an increase of around 200,000 barrels.

EIA Says Crude Oil Inventories for Week Ended Sept 2 Down 14.51M Barrels vs 225K Barrel Build Est

Today's oil inventory drawdown is the biggest since 1999.

selloff may be coming... rate hike fears, again!

Boston Fed President Eric Rosengren said in another speech low interest rates are increasing the chance of overheating the U.S. economy. Gradually tightening monetary policy is appropriate to maintaining full employment, he added.

Lets see if it can breach that illusive -1% level.

Second longest streak of no +/- 1% moves.

Wow.. what a ride. But, I think bulls can defend this $45 line after that big surge yesterday.
Hopefully, can get closer to $48-$49 level first before the pivoting.

It's not encouraging to see sell off tonight but I think we're still in a small right range movement here.

Apparently yesterdays huge oil inventory drawdown is a one off event due to weather. Could be true.

If the dollar keeps strengthening it is going to be tough for oil to hold 45.

gulf storm HERMINE scuttled production, obstructed imports.


crude is in a very fluid price range.

i find it very hard to play it now - a few words from opec fella, a speech from fed, a bomb, a storm, a fire can send it 5% up or down.

will just wait... near to 50, short; near to 40, long.

KISS.

US oil-rig count climbs by 7, Baker Hughes says.

Inching up slowly but US production is still down from last year.

Wow.. the bears are coming out in numbers indeed. Selling picked up..

This post has been edited by danmooncake: Sep 10 2016, 01:36 AM

a pretty broad based fri sell off.

even oil bulls gave up all gains from yesterday.

start of a correction?

they said september is usually a bear month....

Well, if true, then better late than never, August historically
suppose to be bad month for stocks but instead we got all time high.

I think this pull back is probably nothing again in a week or so. we'll see
buyers step back in if interest rate fear subsided once again.

The market is so used to "low" rate drug now, if taken off this medicine,
it will implode.

Don't think so since they are repositioning for a Fed move in September.

Also there are a lot of cash on the sidelines which may get to work before year end.

I could be wrong but if the market is going down on a maybe, that might scare the fed and the market will be back to all time high again.

This post has been edited by zacknistelrooy: Sep 10 2016, 02:47 AM

Broad sell off due to 911 ? If ntg happen, up again ?