interesting.....
Cude failed to hold 96 pivot
Started by
K Wave
, May 22 2013 08:47 AM
7 replies to this topic
#1
K Wave
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Posted 22 May 2013 - 08:47 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2
PrintFaster
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Posted 22 May 2013 - 08:50 AM
That's why the market can never fall.
Every time there is fear about what the Fed will do, commodity prices instantly crash and provide the consumer with yet another fantastic "tax cut".
Same thing with interest rates.
Oil and gasoline prices are getting clubbed today.
And retailers like Lowe's who missed and blamed it on the weather are soaring to new, lifetime highs, LOL....
#3
10Shekel
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Posted 22 May 2013 - 08:58 AM
Oil is the new fed funds rate. Energy & Credit. As long as it stays near $100 per barrel we're fine.
#4
PrintFaster
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Posted 22 May 2013 - 09:05 AM
Lots of tech stocks ready to launch big if crude crashes on the inventory report which comes out in 30 minutes
[attachment=20901:txn0522.png]
#5
K Wave
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Posted 22 May 2013 - 09:11 AM
And now coming back...if it gets over 96 again, countdown may finally be over...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#6
PrintFaster
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Posted 22 May 2013 - 09:37 AM
10:35 Gasoline supplies up 3 million barrels: EIA MarketWatch
UGA getting destroyed.
XRT punching through to new lifetime highs.
All hail the "Resilient Consumer" who benefits from Fed "jawboning", LOL...
UGA getting destroyed.
XRT punching through to new lifetime highs.
All hail the "Resilient Consumer" who benefits from Fed "jawboning", LOL...
Edited by PrintFaster, 22 May 2013 - 09:37 AM.
#7
K Wave
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Posted 22 May 2013 - 09:42 AM
So far they sellin' the news....
looks like huge pivot at 96 now....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8
K Wave
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Posted 22 May 2013 - 01:50 PM
Crude continues to fall....below 93.50ish and it will start to look like total failure to launch
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
