ES Journal - 2019/2020

[wave]

Unless the economy opens back up fairly quickly, I think it's a given that we drop below zero again.

 

[NQurious]

And how do you know if it's not going up?

You finished the B1 Trading Course, I see.

 

[Noone123]

Nope, B1 course is ES buy forever. I went short and long CL today. Key difference...

 

[speedo]

You finished the B1 Trading Course, I see.

 

[Noone123]

I only post original entry. When I trail in, my basis is lower. Just for the record.

 

[schizo]

My hunch is that, at some point, the Fed will get in on this. They'll scoop up every little drop of oil and put it on their balance sheet. That's when you want to get in long, not now.

 

[Noone123]

My hunch is that, at some point, the Fed will get in on this. They'll scoop up every little drop of oil and put it on their balance sheet. That's when you want to get in long, not now.

And how do we know if and when the Fed will do that? There's value in oil, but short term structure issue. They have a month to figure it out...may not able to find more storage, but there are options and alternatives.

 

[Overnight]

Wow ! After negative prices in the futures market ?
Plus we have the June contract in complete suspense...and volatility is still incredible.
June CL at 12.00 this evening at 6 pm....now painting 14.00.
And will we see single digits by June 19th expiration ?

Pretty sure Jun CL expires on May 20th? May 19th to be safe. ;-)

 

[Relentless]

And how do we know if and when the Fed will do that? There's value in oil, but short term structure issue. They have a month to figure it out...may not able to find more storage, but there are options and alternatives.

Is there anything they haven't bought?

Pretty sure the "AT ALL COSTS BAZOOKA" cat is out of the bag at this point...

 

[FriskyCat]

Is there anything they haven't bought?

Pretty sure the "AT ALL COSTS BAZOOKA" cat is out of the bag at this point...

The slow drip, drip, drip of conditioning people into accepting that "anything and everything" is eligible to be backstopped.