ES Journal - 2019/2020

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I don't know how high Apple is going this time around, but its a crowded trade long.
Its gonna plunge.
If it makes it to $317... you guys should all get out of this ES stuff, go all in short on Apple, and come back in a few weeks. Then buy me dinner. Via Uber/Grub of course.
 
ElCubano said:
S100 312.34
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See, Apple's a Dow component, and there's a ying and a yang there. Before they'll let Apple drop, they need a sector rotation. If you look, Apple and Boeing move inversely on big days. There's a few others too, we don't necessarily need BA to go up, but the Dow 30 is highly manipulated. Its a tool for setting the tone of many many things.
 
vanzandt said:
See, Apple's a Dow component, and there's a ying and a yang there. Before they'll let Apple drop, they need a sector rotation. If you look, Apple and Boeing move inversely on big days. There's a few others too, we don't necessarily need BA to go up, but the Dow 30 is highly manipulated. Its a tool for setting the tone of many many things.
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I'm in baby to late for all that ;o). To think i owned it at 214 about a month ago.lol

add S50 314.49
 
EIA Inventory report just out:

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve)
decreased by 0.7 million barrels from the previous week. At 531.5 million barrels, U.S. crude oil
inventories are about 11% above the five year average for this time of year. Total motor gasoline
inventories decreased by 3.5 million barrels last week and are about 9% above the five year
average for this time of year.
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WTI Crude jumped on the news to $26.45, but then immediately sold off. I think the market had already anticipated a drop in crude oil inventory.
 
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