Posts Tagged ‘oil’
Everyone Has Their Scenarios, Its What We Do
Everyone has their scenarios. I saw this move coming, but I played it wrong. I was thinking we would get an intraweek dip that I would buy and ride the blow off top. Guess what? We got an intraweek dip that came only on an intraday basis. Really weak dip that broke previous day’s high …
A Good Day Despite A Flat Tape Thanks To $RIMM
I understand why some people might not understand my techniques. I don’t share them in detail. You only get to watch. How does one go from being bearish on February 23rd, explaining my reasons on Feb 25th why I am turning bullish, to being bullish on Feb 26th and buying things for the following week? …
Bought DXO
Not many things are showing up as plays. The move down this morning has crushed charts and I milked a couple of trades, but nothing great. I’m in DXO @ 2.979 and looking for a break of 3.05 to get crazy. Oil movement could shift the markets similar to how a bowel movement will shift …
Waiting Before Jumping Long
It may bite me in the ass, but I’m waiting to get long. Till Friday to see if either tomorrow or Friday provides a down day that will make my shorts profitable. I’m bullish intermediate term, so I’m playing a high risk, arguably, low reward trade here. However, I still have confidence that it will …
Unleash, The Kracken
Market moving very well right now. Financials got a wee boost from NTRS and WFC today (if you don’t know those symbols look em up because its part of your job). Oil has cracked for the time being. The action I saw in the DUG yesterday was telling. However, I did not post about it …
