CL Redux

also, im now short at .55


just looking for a wee pullback. .10 stop on this one.


hoping for a knee jerk selloff when the report comes out...that will make a great buying opportunity.
 
Talking about correlations does anyone else think we can see higher oil lower ES on a consistent basis? S&P is bouncing between 25 day and 50 day MAs if it get below the 50 day i'm looking at 1130 as the next super high prob place to buy. And if oil get above 86.70 I'm guessing it's off to higher highs. Trading wise Austin has already established that it's meaningless but it could help me position my vast array of long term equity investments :D
 
Good morning everyone.

Kid, do you have a bias going into the open? Do you see the money in fading the rally or in buying a pullback? Danke.

Aside from ISM and oil inventories, at noon the FED is publishing which banks received how much in emergency funds post-Lehman. At 2:00 Beige Book.
 
I have found buying any post-inventory selloff, when the overall market is bullish, to be almost an instant winner.

So if we get a bad report, it could be a great buying opportunity.
 
Quote from Picaso:

Good morning everyone.

Kid, do you have a bias going into the open? Do you see the money in fading the rally or in buying a pullback? Danke.

Aside from ISM and oil inventories, at noon the FED is publishing which banks received how much in emergency funds post-Lehman. At 2:00 Beige Book.
More...

Sorry P just saw your post.

It was bullish at the open like a globex bull flag

It is still bullish so buy the PB

9:34 seems out of gas, it will prolly follow the ES, I'll wait till crude #'s
 
Quote from EON Kid:

Sorry P just saw your post.

It was bullish at the open like a globex bull flag

It is still bullish so buy the PB

9:34 seems out of gas, it will prolly follow ES, I'll wait till crude #'s
More...

Thanks Kid, much appreciated.
 
Quote from HuggieBear:

I have found buying any post-inventory selloff, when the overall market is bullish, to be almost an instant winner.

So if we get a bad report, it could be a great buying opportunity.
More...

Good call so far. :)
 
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