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The Perfect ST Storm

Started by VolPivots , Aug 26 2008 07:22 AM

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5 replies to this topic

#1 VolPivots

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Chartist
3,203 posts

Posted 26 August 2008 - 07:22 AM

options expire this week with peak hurricane season just around the corner. fundys suck with ending storage levels gonna be way higher than last year, but greed always overrules in the near term. won't surprised to see $8.65 this week.

Posted Image

http://www.nhc.noaa...._at2.shtml?5day

Edited by marketneutral, 26 August 2008 - 07:23 AM.

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#2 VolPivots

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Chartist
3,203 posts

Posted 26 August 2008 - 07:31 AM

Looks like another 10min buying opp on ES for swing traders.....

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#3 johngeorge

Member

TT Member+
4,616 posts

Posted 26 August 2008 - 10:17 AM

mn

Speaking of Nat Gas here's a chart I like. My thinking is Nat gas is going over $9, but, first stop is $8.34. Will know in the fulnessof time. At present I am long HGT and ROYL. Thanks for the charts and insightful comments you continue posting.

Best to you

http://stockcharts.com/c-sc/sc?s=$NATGAS&p=D&yr=0&mn=9&dy=0&i=t05118401832&r=8040.png

Edited by johngeorge, 26 August 2008 - 10:17 AM.

Peace
johngeorge

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#4 dasein

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Traders-Talk User
7,696 posts

Posted 26 August 2008 - 04:06 PM

COT commercials very long

best,
klh

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#5 VolPivots

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Chartist
3,203 posts

Posted 26 August 2008 - 07:11 PM

COT commercials very long

dasein, i don't know how much, if anything, can be read into the NG COT report. For starters, unless it includes OTC swaps (primarily traded through ICE), you're missing a market that dwarfs the futures open interest. On top of that, the pros trade a lot of basis....e.g. long NYMEX /short SOCAL or some other location, so you're potentially missing the "other" side of the trade........