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The group continues to run after great earnings by LMT yesterday, and now GD this morning! LLL announces before tomorrow's opening. :cool:

The latter. And if you live in Florida, Arizona, or California . . . this is well known and nothing new. Yawn.

Last time I checked, the Fed has assets of $912 billion on its balance sheet. http://www.federalreserve.gov/releases/h41/Current/ The TAF auctioned term funds with 30 day maturity. The TSL is a 28-day facility. The PDCF is an overnight facility and accepts a specified range of...

Here's a chart of DVN. Already hit the 61.8% retracement last Thursday, intra-day at 94.91 Re-test in progress. APA hit the same retracement. CHK getting there. :) FYI: The FBR analyst, Rehan Rashid put out a report on DVN reiterating his "Outperfrom" rating yesterday with a $140...

The Nat-Gas ETF (UNG) just passed the 50% retracement level today. A 61.8% retracement from the lows of last December comes in around $45.20, which just happens to be near the highs of last Nov and August. See attached chart.

I believe that the SEC's latest "order" will expire on June 28th, but can be renewed, but not to exceed 30 days in length.

This pattern frequently occurs after the completion of an Elliott Wave 3 that has subdivided into 5 smaller waves. This then typically leads to an engulfing pattern Wave (A) down to an area of support that can be found around 98.40 on the USO chart. Should get one heck-of-a-"bounce" shortly...

Mup, Care to put up a Daily USO or better yet, a Daily UNG chart? The Nat-Gas (UNG) has gotten killed the last several days, and I'm looking to play a bounce in the likes of APA, DVN, and CHK, if you know what I mean! :D

What do you care? You've made it quite clear that you are not able to play the LONG side, and use ET to rationalize why you are never able to scalp or trade from the long side. Plain and simple.

The operative word being "IF". And thus far, there hasn't been a meaningful rally that you could have made money on in the Airline sector aside from the rally off the January lows. Other than that, ( until today ) it has been straight down since February, with nothing more than a couple...

And yet, the market powered HIGHER with all of that "bad" news . . . Good luck staying short when a market is able to rally off of "bad" news. :D

You will see a MONSTER rally in the Dollar. Right now, the dollar strength since the FXE high of July 15th has lead to a decline in Crude Oil, with lots of momo-funds liquidating. Given that the FXE had a high of 160.50 back in mid-April, and ran out of gas at 160.44 on July 15th, equities...

I never said that it was about trading oil overseas . . . that would be incredibly naive. I said that the issue revolves around regulatory supervision of WTI.

The fact of the matter is that there is roughly $185 BILLION in managed futures and a ground swell of pension fund money that has come into the energy markets, yet places like the ICE and DME have no position limits due to former Senator Phil Gramm and his legislation from December of 2000...

The Dollar is pretty strong today as the FXE looks to have completed 5 waves up from the June lows.

Have you ever seen how much pension fund money has come into the oil markets? Try $70 BILLION as of March 31st, 2008 That's a fact.

Same thing with CAL. Both are EXPLODING UPWARD TODAY!!! :cool:

Your access to the Internet must be severely limited. http://www.tradingmarkets.com/.site/news/TOP%20STORY/1772150/

:D

Yawn.