Is the stock market going to tank?

**4matic** · 01-20-2015, 06:24 PM

Dollar Index poised for another leg up. DAX at all time highs is signaling much lower Euro.

**Benny Profane** · 01-20-2015, 06:41 PM

Yay!

**Bromontana** · 01-22-2015, 11:43 AM

Sushi it is!

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.

**4matic** · 01-22-2015, 12:00 PM

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.

**Benny Profane** · 01-22-2015, 12:42 PM

Euro down 2%, oil 3%. What's not to like?

**Bromontana** · 01-22-2015, 01:30 PM

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.

**GeezerSteve** · 01-22-2015, 01:38 PM

Euro QE = more Euros = diluted Euro value = of course the Euro is down compared to US$

**Benny Profane** · 01-22-2015, 05:44 PM

Originally Posted by Big Steve

Euro QE = more Euros = diluted Euro value = of course the Euro is down compared to US$

Yay!

**MontuckyFried** · 01-22-2015, 06:06 PM

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.

**huckbucket** · 01-22-2015, 06:10 PM

Originally Posted by AustinFromSA

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.

**Bromontana** · 01-22-2015, 06:27 PM

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.

**Benny Profane** · 01-22-2015, 07:39 PM

Originally Posted by AustinFromSA

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.

Please. You are about to learn that oil is much thicker than blood.

**4matic** · 01-22-2015, 07:46 PM

Could have just as easily sold off on the news. Volatility marks turning points. WTI made its low eleven days ago.

**Bromontana** · 01-22-2015, 08:14 PM

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.

**huckbucket** · 01-22-2015, 10:19 PM

Originally Posted by Bromontana

Bet you a grand it makes a new low within 20 US trading days

I bet you a grand that it goes up

and then down

and then up again

and then down again

.
.
.
.

**Harvey44** · 01-23-2015, 08:27 AM

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?

**Benny Profane** · 01-23-2015, 08:55 AM

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.

**liv2ski** · 01-23-2015, 09:08 AM

Originally Posted by Benny Profane

Yay!

But per NPR, airlines are raising the costs of flights from NA to less expensive Yurp now.

**4matic** · 01-23-2015, 09:22 AM

Originally Posted by Harvey44

forget was there another one in there somewhere?

Flash Crash. 10% in 10 seconds.

**Benny Profane** · 01-23-2015, 09:44 AM

Originally Posted by liv2ski

But per NPR, airlines are raising the costs of flights from NA to less expensive Yurp now.

That's a little blip. Anyway, direct RT flights to Milan from JFK are about 700 bucks these days. Fine with me.

Some people are actually talking Euro Dollar parity in 15. Yay!

**Cruiser** · 01-23-2015, 10:00 AM

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.

**Bromontana** · 01-23-2015, 11:38 AM

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.

**Bromontana** · 01-25-2015, 08:32 PM

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.

**boltonoutlaw** · 01-26-2015, 02:52 PM

Originally Posted by AustinFromSA

Also, a smaller company that I think is making some VERY smart moves (and isn't scared in the slightest of today's prices) is Abraxas Petroleum Corp. (NASDAQ: AXAS). You can buy them dirt cheap (2.68 as of this moment), and they know what they're doing.

Thank you

**Harvey44** · 01-26-2015, 05:28 PM

Originally Posted by Benny Profane

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.

Stock market is fascinating to me. The dumb stuff chumps do to shoot themselves in the foot is most entertaining.

Also learned a lot from the Hugh Conway thread.