Dollar Index poised for another leg up. DAX at all time highs is signaling much lower Euro.
Printable View
Dollar Index poised for another leg up. DAX at all time highs is signaling much lower Euro.
Yay!
Sushi it is! :tongue: Got some nice $SCO adds this week @ 90.9 / 92.9 / 93.6 / 95 to offset premature entries @ 100.7 / 100.8. Out @ 98.5 / 99 / 99.3 this AM for some nice gains.
Still have a 1/3 $SCO position, will add on WTI pops to $48/49/50.
http://930e888ea91284a71b0e-62c980ca...063d388860.png
It looks like this is the beginning of the end of lower rates. US 10Y looking really toppy.
Rolling global ECB QE is troubling for me. I'm not getting it. Dollar index at 11 year high.
Euro down 2%, oil 3%. What's not to like?
And with fills @ 100 / 100.5 I'm out of the oil trade again. All cash. Not going to bet on the next leg up/down, just trying to catch the larger moves within the $49-$44 channel.
Euro QE = more Euros = diluted Euro value = of course the Euro is down compared to US$
Yay!Quote:
Originally Posted by Big Steve
Unless we're being trolled, word on the streets (PoliAss) is that King Abdullah of Saudi Arabia just kicked the bucket. My money is on oil shooting back up. Time to buy! Will be interesting to see how this places out in the market place.
That's legit ... but why does it instantly mean higher oil prices? Market doesn't seem to be reacting atm and that news is an hour old right now.Quote:
Originally Posted by AustinFromSA
WTI spiked $1.40 to $47.80 in the Asian session. Low was $45.89 in US trading.
The Daytrade (@d4ytrad3):
Saudi King abdullah dies at age 90
4:14 PM - 22 Jan 2015
WTI went from $46.56 to $47.74 in 21 minutes.
Please. You are about to learn that oil is much thicker than blood.Quote:
Originally Posted by AustinFromSA
Could have just as easily sold off on the news. Volatility marks turning points. WTI made its low eleven days ago.
Bet you a grand it makes a new low within 20 US trading days ;)
Edit: ok that's a douchey thing to say. It easily could go up with a shift in leadership.
I bet you a grand that it goes upQuote:
Originally Posted by Bromontana
and then down
and then up again
and then down again
.
.
.
.
:wink:
And I was hoping for a simple yes or no answer in this thread. Reality... the money I've "made" in the last 15 years as a boring buy and hold forever guy is mostly a result of the crashes. 9/11, Lehman... I forget was there another one in there somewhere?
Wow. Harvey makes an appearance deep in the bowels of the Padded Room. You must be bored.
Btw, never look for any kind of substantial answers to life's problems here, unless it's the right booze or drug on the legal market.
But per NPR, airlines are raising the costs of flights from NA to less expensive Yurp now.Quote:
Originally Posted by Benny Profane
Flash Crash. 10% in 10 seconds.Quote:
Originally Posted by Harvey44
That's a little blip. Anyway, direct RT flights to Milan from JFK are about 700 bucks these days. Fine with me.Quote:
Originally Posted by liv2ski
Some people are actually talking Euro Dollar parity in 15. Yay!
Parity would be fantastic in my biz where so much of our product comes from yurp. Just think, in a few months we could be drinking current vintage Chateauneuf du Pape from reputable producers for like $25.
2% in an hour and back to cash. $SCO, in $98.8 out $101.2. Using the WTI feed is pretty handy for setting up ETF trades.
https://pbs.twimg.com/media/B8DR99iCEAEopc0.png:large
Just an hour or so ago we had the first retest of the $44.23 WTI low set earlier this month. Looks like the current range of $44-$49 is breaking down. Hoping it pops to $47-48 before capitulating below $44, but strength seems absent now.
http://930e888ea91284a71b0e-62c980ca...315157ff06.png
Thank youQuote:
Originally Posted by AustinFromSA
Stock market is fascinating to me. The dumb stuff chumps do to shoot themselves in the foot is most entertaining.Quote:
Originally Posted by Benny Profane
Also learned a lot from the Hugh Conway thread.