CL Redux

Here's a 60 min. Sitting right around the PP. We'll see what the GDP numbers are.

http://www.briefing.com/investor/calendars/economic/2012/01/23-27

And especially don't forget the Michigan sentiment numbers 25 minutes after the general market opens. An odd time. I forgot one day and missed placing my stop and was just hammered. Sold off 6 points within seconds and I was long several contracts. This was trading TF. :)
 

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Quote from riskaddict:

me to! Well short @ 99.70 no stop no take profit. If I was going to place a stop it would be at 99.90 and then I would reshort at 100.20.
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last night i had a bad feeling so i bought a qm to hedge. waiting to see what happens after gdp.
 

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Quote from riskaddict:

last night i had a bad feeling so i bought a qm to hedge. waiting to see what happens after gdp.
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Good entry on that anyway.
 
There were some higher volume sales about an hour ago around this level. At least higher volume for the off hours here.
 
Market's climbing it's way up, as we know, on relatively good news from earnings and economic data. Seems a bit toppy to me, as I mentioned. This is evident in the action the last couple of days. Any significant bad news, which we haven't had lately, would create a pretty big selloff IMHO. Seems like it's waiting for an excuse to pull back a bit.
 
This may be a short the rally attempts kind of a day.

ADD: Been shorting TF this morning. Short from 791.6. Let's see what the CL open brings.
 
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