too costly to trade too much with local brokers, even on special deals.

IB is probably the cheapest - as low as $1 per transaction. but it's a cash account and limited to 3 day trades per 5 days unless account has >$25k. which is why i sometimes hold overnight. However, some people reported local banks now making it difficult for initial deposit TT.

TDAA is not as cheap but apparently easier to join..?
https://forum.lowyat.net/topic/3396549/+220#bottom

long weekend ahead.

dow futures -50.

wti 48.

next stop... 47.50?

dow lost about 5% in 2 days, regained everything in next 4.


crude... will be watching like a hawk after 1am.

it has been trending down since it hit 52 on 8 jun, albeit the shock gyrations between then and now.

whereas dow is unchanged during the period.

i just think the bulls went overboard before that, pushed too much, too high with every little piece of positive news.

now, with brexit and no more supply disruptions, cold feet sets in.

i think it will return to 46 in the coming days/weeks but not lower.

$50 oil is definitely attracting rigs back to work.

BREAKING: US oil rig count rises by 11 to 341: Baker Hughes

will be touchy.

the rise was in the last hour.

dow been up 4 sessions in a row.

next week may see profit taking.

so, i think wti will soften, back to 48...?

it's only 4pm and wti had gone to 47.76.

lost 3% since closing last fri.

how low will it go?

will be fun tonight.

ready to push the button.

i've gone long, uwti!

just a bit, just until 2.30am.

that'll be a quickie.

either a wagyu steak or plain nasi lemak for dinner tmrw.

broader market is weak.

i see no chance until last 30 min.

wti already lost 5% today, think can recover 1% later - that's the wagyu.

as usual, fireworks in the last 30 min.

no wagyu, got just a piece of fried chicken - ok also.

wti weak... but seems good support at 46.35.

lots of negative news for oil today - renewed brexit fears, usa now largest oil reserves, no lack of new oilfields producing soon like kazakhstan, shale renewal.

This post has been edited by AVFAN: Jul 6 2016, 02:38 AM

i'll look for 45.80.

if it breaks that, we may revisit lower.

dow futures -100.

brexit woes starting to take hold...?

tonight, will find chance to dwti.

already!

the correlation wti-dow is still strong.

will see if dow can hold on to green.



tech and biotech good gains... but not aapl, again...

goog is >700 again!

This post has been edited by AVFAN: Jul 7 2016, 12:20 AM

...

This post has been edited by AVFAN: Jul 7 2016, 12:20 AM

must be inside news huge draw on stocks.

wti... dramatic last 10 mins.

will be very touchy tmrw...

what will eia say at 10.30pm?


The American Petroleum Institute (API) trade group said its data showed U.S. crude stockpiles fell by 6.7 million barrels last week, declining for a seventh week in a row.

BREAKING: Oil sinks as crude stocks fall by 2.2M barrels, weaker draw than API read


once again, api f'ed everybody.