USOIL is really taking a beating? No summer travel, everyone stays at home.
The low is in for oil.
SHORTING zone ahead... beware
Started by
dTraderB
, Mar 24 2020 11:49 AM
70 replies to this topic
#11
Dex
-
- Traders-Talk User
- 2,692 posts
Member
Posted 24 March 2020 - 05:52 PM
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16
17_16
#12
dTraderB
-
- Traders-Talk User
- 17,188 posts
Member
Posted 24 March 2020 - 05:54 PM
**RTH PLAN MARCH 25**
1. Lean on longs > 2347 for an eventual test of 2502. I expect 2700 to trade shortly thereafter and form a BASE between 2200-2700
2. Below 2347, lean on shorts target 2195
Now 2440
$SPX $NDX #ES_F $SPY $AAPL $BABA $NFLX $ROKU $BA $COST $MCD $WMT $FB $VIX
1. Lean on longs > 2347 for an eventual test of 2502. I expect 2700 to trade shortly thereafter and form a BASE between 2200-2700
2. Below 2347, lean on shorts target 2195
Now 2440
$SPX $NDX #ES_F $SPY $AAPL $BABA $NFLX $ROKU $BA $COST $MCD $WMT $FB $VIX
#13
dTraderB
-
- Traders-Talk User
- 17,188 posts
Member
Posted 24 March 2020 - 05:57 PM
where would you short the spx ?
OIL may make new lows since demand has plummeted, less driving, airlines grounded, stay home mode etc
However, at any time there could be TALK of a deal between Saudis and Putin or even talk of a meeting that will produce a 25% rally in crude, or more.
#14
dTraderB
-
- Traders-Talk User
- 17,188 posts
Member
Posted 24 March 2020 - 06:04 PM
Quite possible!
Tomorrow
Quote Tweet
Adam Singer
@AdamSinger
·
3h
DOW +11%. Wild. How many times will we see this again in our lifetimes.
#16
orange
-
- Traders-Talk User
- 1,257 posts
Member
Posted 24 March 2020 - 06:05 PM
If one person gets sick on a cruise, you'll be extending your "vacation" a month.
"When your position is underwater, average down" - Professional Trader
#17
linrom1
-
- Traders-Talk User
- 3,998 posts
Member
Posted 24 March 2020 - 06:10 PM
USOIL is really taking a beating? No summer travel, everyone stays at home.
The low is in for oil.
You could be right! One thing about this market, everyone has their ewaves pointing toward $15.......kiss of death in this market.
#18
linrom1
-
- Traders-Talk User
- 3,998 posts
Member
Posted 24 March 2020 - 06:21 PM
It's going to crap out quick?
#19
Dex
-
- Traders-Talk User
- 2,692 posts
Member
Posted 24 March 2020 - 06:21 PM
USOIL is really taking a beating? No summer travel, everyone stays at home.
The low is in for oil.
You could be right! One thing about this market, everyone has their ewaves pointing toward $15.......kiss of death in this market.
If I remember correctly, oll led stocks down. Now off about 50-60%. If it goes to 15 it won't stay there long.
Now if you want to look at something to short look at alternative energy were oil competes. I have't looked but at these low levels for oil alternative energy is expensive. A very risky idea but it feels right.
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16
17_16
#20
tommyt
-
- Traders-Talk User
- 5,136 posts
Member
Posted 24 March 2020 - 09:26 PM
TicToc makes all kind of wild statements, pay no attention. He through buy ares out most of the way down.
