Search results

Heckuva call.....bounce off 2860....Boom !

2885 a big level....recent high on 4/17.

CL painted a triple top at $12.80 this morning.....finding support at the $12.00-$12.20 level.

https://www.worldoil.com/news/2020/4/24/saudis-join-three-other-opecplus-nations-cutting-output-early OPEC is cutting back output ahead of the May 1st scheduled date. However, is this a case of too little, too late ?

June CL down nearly 30%. It's trying to find support around $12.00.

Thanks to the Fed and the PPT. Heck, they're buying stocks, bonds, and maybe even commodities like crude oil.

When the USA opens up, I expect to have to wait 2-3 weeks to get in or get an appointment. I'll look like a cave man by then....LOL.

I know this might be a stupid question, but what is everyone doing about a haircut ? Getting your girlfriend or wife to cut it ? Doing it yourself ? I know that I'm getting really shaggy.....

Most importantly, although there are many pharma companies working on a vaccine, the earliest that these will become approved and available is summer of 2021.....and that is record breaking progress as far as new vaccines go. Normally it takes several years.

Exactly.... and what about all of the personal and business bankruptcies coming up ? Anyone owning commercial real estate may just as well head for the poor farm.

Not a bad scenario at all. The Fed has just decimated the bears. But how long can this continue ?

Fed fantasy world levels IMHO. Where would we be without the Fed ?

Oil was for the most part a snooze today except for a sharp rally in the afternoon that put the shorts on notice. CL closed above 17.00. The market will be closely watching the EIA inventory report that is released every Wednesday at 10:30 am. Everything is going to be about inventory levels...

Great call....HOD 2836 vs. your 2837.

Except for the $1 rally in a half hour at 2:30 pm. That was a wicked move north.

Amen - every dip was bot from 11:15 am on.

The Buy-On-Dippers are back.....every PB since 11 am has been bot.

FBO (False Break Out) to 2795....and then immediately reversed.

2792 level remains recent resistance. On my chart it has failed a break-thru 4 times.

The iron condor is an option trading strategy utilizing two vertical spreads – a put spread and a call spread with the same expiration and four different strikes. Wikipedia: https://en.wikipedia.org/wiki/Iron_condor