ES Journal - 2019/2020

[schizo]

Short 2796

SL 2801

Flipo long 96.25

SL 94

 

[schizo]

Flipo long 96.25

SL 94

Flip short 97

SL 2801

 

[theapprentice]

L 98 stp 94

 

[schizo]

Flip short 97

SL 2801

+1

Flip long 95.75

SL 94

 

[vanzandt]

Great article on crude oil :
https://research.privco.com/we-will-all-be-swimming-in-oil-75689971dbc7
OPEC should have started the cut-backs in March.
Now they must cut-back even more than $10M BBLS per day.
Tariffs on OPEC imports unlikely....would ruin trade relations.
We are pretty much screwed.

Is there a difference between tariffs and an embargo? I mean on the world stage.
How's that work?
Pretty sure Trump could give a f about trade relations at the moment either way.

 

[Noone123]

Tariff is bad, embargo is very very bad.

 

[schizo]

Flip long 95.75

SL 94

+4ish

Flipo short 99.50
SL 2802

 

[schizo]

+4ish

Flipo short 99.50
SL 2802

+0ish

Flip long 99.75

SL 97.75

 

[schizo]

Flip long 99.75

SL 97.75

-2

Flip short 97.75
SL 2802.75

 

[syswizard]

It's so slow, even for oil. I thought I lost connection. Zzzzzz. Need to retest 2200 for the vol to come back.

June WTI now confidently resting in the low 14's....a bit high for market conditions IMHO.
I think we need to see single digits by June expiration on 5/22. Selling all interim rallies may be appropriate.