CL Redux

Nasdaq was having problems with their data feed alittle while ago (just saw on tv) and had shut down some of their options trading until some aspect of their data feed could get corrected.

Strange because while some of you folks were long on that blast up. My CL11 contracts were frozen.... Oh well its operating properly now...

Didn't catch cconsumer sentiment numbers. Did see where GDP was not quite as high as they expected (thought that number was generous anyway.) And, Ford missing earnings expectations. Kind of a strange move in markets today as tension builds in Middle East.
 
Quote from BCE:
General market may be a bit overbought.
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You could see this coming. But there will be the "we missed this rally" group who may step in here. We'll see if they unload on them too. Talking about the general index moves.
 
Quote from jones247:

given the divergence now occuring btwn ES and CL, perhaps it's a good time to short the CL & long the ES...

any thoughts...
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on CL's bullish divergence, I'd say go with the trend, however if it makes more of a consolidation triangle then go with the BO as it may reverse
 
Quote from jones247:

given the divergence now occuring btwn ES and CL, perhaps it's a good time to short the CL & long the ES...

any thoughts...
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CL-ES is not a spread.

You'd be entering not one, but two counter-trend trades
 
Quote from BCE:

87.79-87.85 were the recent highs back to Tuesday.
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I had a hard target on that trade because of yesterday's high, figured it would hold the first test. I guess the smart thing to do would've been to see if it breaks thru, but I've seen these levels sell off so hard at times and I was quite late to this long swing here, with ideal entry being 87.09.
 
Quote from NoDoji:

I had a hard target on that trade because of yesterday's high, figured it would hold the first test. I guess the smart thing to do would've been to see if it breaks thru, but I've seen these levels sell off so hard at times and I was quite late to this long swing here, with ideal entry being 87.09.
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You did well. I just got here so trying to tune it on the fly. :)
 
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