ES Journal - 2012

[ammo]

unp leading the transports http://finance.yahoo.com/q/cp?s=^DJT

 

[DanS]

Releasing oil reserves? What a f** joke! We must have a 60 day stockpile.

 

[ammo]

Quote from JoshDance:

The sizzle is the report on oil reserves?

Equities had NO reaction to that. Look at WTI and brent for that. Equities no reaction, also no reaction when that report was denied by a white house official about 20 or 30 mins later.

was just referring to obama at the podium saying rah rah ...all the news is hype

 

[ammo]

short 96.75

 

[JoshDance]

Quote from ammo:

was just referring to obama at the podium saying rah rah ...all the news is hype

I don't see the connection between the things you have written here, but it's past now so no worries.

 

[JoshDance]

Quote from DanS:

Releasing oil reserves? What a f** joke! We must have a 60 day stockpile.

It was an inaccurate report, and even if they did, it's probably only to try to ease the price of crude down--major, major pressure on El Presidente and others regarding current gas prices. Oil dropping would be seen as a good thing.

 

[bigsnack]

Quote from DanS:

They'll probably take it to 1399, then turn it around hard. Just what no one would suspect. WTF knows.

I think the more likely scenario is to get there and then plow right through. I have longer term targets of 1475 or so on the SPX, so I don't think we're done yet.

 

[DanS]

I've got a feeling if we get up to 1397 again we are going to 1405.

 

[ammo]

aapl back to 589 unched

 

[bigsnack]

Low TICK readings without lower prices usually mean more upside.