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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 1, 2011 17:15
Ah, ok, thought you were about to push the trigger :-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 1, 2011 17:14
Boli, do you watch NYSE breadth and also $VOLD. The latter is showing a true trend day thus far. i.e it marches up with no rets along the way. Right now all the internals are signalling positive so I wouldnt want to fade the trend at this point. Tick has barely been below -200, vix is down, breadth been trending up and strong territory, trin is bullish. Right here for shorting would be stepping in front of the train for me.
Boli Mekura
Guam
Posted Anonymously
13 years ago
Feb 1, 2011 17:12
ES 1311 is HVN
ES 1317 is LVN
stalking short around 1310 and 1317 next.
Boli Mekura
Guam
Posted Anonymously
13 years ago
Feb 1, 2011 17:04
Dave, stalking to short ES again after my first shorts were closed at 1292. Could go any high today. Massive short squeeze possible.
DaveO
UK
Posted Anonymously
13 years ago
Feb 1, 2011 17:03
watch the russell go like a bat out of hell trying to catch up.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 1, 2011 16:55
Ignore, I play the US stock indices futures, mainly ES for max vol. Monitor dax, aussie, eurostox, ftse etc but the street leads the way.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 1, 2011 16:25
going short Brent or WTI?
Egypt is not an oil exporter, and only about 1.8 million barrels a day move through the Suez Canal, which it controls. That's just 2% of the world's oil supply.

Another two million barrels a day can go through the Sumed pipeline, which also runs through Egypt, connecting the Red Sea to the Mediterranean.

As long as Saudi Royals don't get beheaded and Ahmadhinjad gone fishing I see no risk for WTI and little for brent

Boli Mekura
Guam
Posted Anonymously
13 years ago
Feb 1, 2011 16:10
I cant help but repeat my commment from the other day in view of rice 2-day 5% price rise:

One can make a point that China's pro inflation and pro growth policies, fuel inflation worldwide, food prices increase, which in turn is a reason for the protests in Magreb and Middle East. So at the end of the days China could be the reason for reform in Magreb and Middle East. China's leaders should receive a nobel price for DEMOCRACY.

LOL
Boli Mekura
Guam
Posted Anonymously
13 years ago
Feb 1, 2011 15:57
Agree, catnip.
Blow off top is highly likely. It could go even to 1312 today or tomorrow. And from there expect 20-30 pts down similar to last Fri.

BTW, rice now up 5% in two days. This is getting crazy. I do not see how contagion in other Magreb & Mid East countries could be avoided.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 1, 2011 15:47
pullback $VIX $BKX raises. Either we see a sudden hefty pullback US index or the middle east stuff is orchestrated and bubble blows up further