CL Redux

Small losing day so far. It could have been a very very good day indeed funnily enough, bit I left the screen for a second and missed the setup which flew in my favour (without me on-board!)

Hoping to catch a good one before the closing bell to get me green.
 
Quote from pinkman:

Small losing day so far. It could have been a very very good day indeed funnily enough, bit I left the screen for a second and missed the setup which flew in my favour (without me on-board!)

Hoping to catch a good one before the closing bell to get me green.

This flat 20EMA crap annoys me. I'm stepping away, so count on a great move one way or the other in a few mins :eek:
 
U.S. Stocks Little Changed on Earnings Before Jobs Data
http://www.bloomberg.com/news/2013-10-21/u-s-stock-index-futures-little-changed-before-earnings.html

1/ Employment DATA
--------------------------

The Labor Department will tomorrow release the September jobs report, which was delayed from its original Oct. 4 date because of the 16-day partial federal shutdown that ended Oct. 17.

The data <b> will probably show employers added 180,000 workers in September, </b>the most since April, after a 169,000 gain in August, according to the median estimate of 93 economists surveyed by Bloomberg.

2/ Money FLow in to Funds
-------------------------------------

Money has been <b> flowing in and out of financial markets more rapidly than ever before this year, a bullish signal </b> as the threat of a U.S. sovereign default fades.

Since Sept. 1, about $47 billion has gone to exchange-traded funds that track everything from stocks to bonds to commodities, according to data compiled by Bloomberg. That followed $18 billion pulled in August, $40 billion added in July and $11 billion pulled in June, making it the most volatile period on record for flows. Almost $7 billion went to ETFs on Oct. 17 alone.


3/ Earnings Forecasts
-------------------------------
Analysts have raised their forecasts for profits and now forecast an average increase of 2.5 percent for all companies in the S&P 500, according to estimates compiled by Bloomberg. That compares with an expected gain of 1.7 percent at the beginning of the month.

Earnings at the 108 companies that have reported so far grew 4.5 percent, while sales gained 2.1 percent. Some 70 percent of the companies have topped analysts’ profit estimates, while 54 percent have beaten on sales.

The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options prices known as the VIX, climbed 0.9 percent today to 13.16, following three days of declines. The measure has fallen 21 percent this month.
 
Quote from InvestVision:

1/ Employment DATA
--------------------------

2/ Money FLow in to Funds
-------------------------------------

3/ Earnings Forecasts
-----------------------------


Today breaking 4 month support at $100 with NO Big sell off also one indication that OIL Hedges are positive on tomorrows employment report .

<b>One Possible scenario for tomorrow: </b>

<b>For tomorrow 2/ and 3/ are already showed Bullish signals , if "Employment data " comes Positive ( forecast is positive at this time), then OIL ALGOs can breakout to 102.0 as it is so much easier to PULL up the prices with so many are Bearish on OIL </b>


Then we Drift towards $100 in few days as usual ..

Speak out your thoughts ..
 
fed speak keeps mentioning disappointment in employment so don't think that's up, and the commodites may be where the money gets parked if things go south,not believing strongly in anything at the moment, think that would be dangerous, all the resolve, news and cohesiveness of feds and banks, corporations, congress , seem to be showing a few cracks,fukishima is a huge crack
 
Quote from toolazy:

reinvest my oil profits from last 2 trades and short again at 101. stop 102.25.

hope this time market speeds up on downside.

was correct but stopped out.

total 4 trades for short oil signal
3 sold on retracement = win
1 sold on tl break = loss

I CAN SEE the pattern :eek:
 
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