CL Redux

Quote from BCE:

V is on his yacht in the Mediterranean somewhere with his entourage calculating his profits.

yeah, he doesn't invite his trading buddies, all you'll get from him is "we had a technical break out, so I'm staying long" :D
 
Quote from BCE:

Michigan Consumer Sentiment Report in a few minutes.
# 9:56a

Final Feb. UMich sentiment 75.3. Up a little. Housing report in a few.
 
Quote from EON Kid:

yeah, he doesn't invite his trading buddies, all you'll get from him is "we had a technical break out, so I'm staying long" :D
Exactly. He's hanging out with all his babes.
 
Feb. 24, 2012, 10:00 a.m. EST
New home sales in January at 321,000 annual rate

WASHINGTON (MarketWatch) - New single-family homes in the U.S. sold at a 321,000 annual rate in January, compared to December's upwardly revised level of 324,000, according to the latest government data. Economists surveyed by MarketWatch expected new home sales last month to total about 315,000 on an annualized basis. Sales in December were initially reported at a 307,000 annual rate; the upward revision marks the biggest increase in monthly sales since December 2010. The median sales prices, meanwhile, edged up to $217,100 last month from $216,500 in December. The supply of new homes on market fell to 5.6 ,months, the lowest level in six years. And the actual number of new homes available for sale slid to a record low of 151,000. More than half of all the new home sales in January took place in the South.
 
hey people I got stopped out of one out of three on that break out. Suspect it will just chop between .40 and .80 for most of the day and then shoot higher at the end just like every friday. Plus DX looks like its heading to 78 so I guess more heat to come. Is it retarded to scalp CL in one account while holding a core short in another?
 
Quote from riskaddict:

hey people I got stopped out of one out of three on that break out. Suspect it will just chop between .40 and .80 for most of the day and then shoot higher at the end just like every friday. Plus DX looks like its heading to 78 so I guess more heat to come. Is it retarded to scalp CL in one account while holding a core short in another?
It's okay to do that maybe. But even with QM it is against the trend here. Trading is weird now. Pure momentum runs.

Market feels like it's overbought. Looking for a correction. This is the indices not CL. Just did a scalp shorting TF.
 
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