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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jan 4, 2013 20:29
I'm looking at SUI weekly chart for housing stock (Sun Communities) perhaps Skipper might comment?
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jan 4, 2013 20:20
In reply to Qingyu's post
Q, looks like crude inventory # leaked early !
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jan 4, 2013 20:15
Just techs been lagging
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jan 4, 2013 20:14
NYSE tick and internals been running pos all session today. ES leap up into the close ???
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jan 4, 2013 20:08
In reply to cat0nip's post
Cat, the housing mkt does seem to be strengthening in the US. I didn't believe it a coupla months ago but now less sceptical. Tell me please, did the Fed intro of buying MBS's from the fannies help to strengthen housing and if so was it about 4 to 5 months ago the Fed started buying the MBS garbage ?
Qingyu
manchester, UK
Posts: 1763
12 years ago
Jan 4, 2013 16:31
crude stocks drop, but gasoline stocks up, and no movement after report. i guess i should short crude.
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Jan 4, 2013 12:09
ft writes FEd minutes may continue to hurt gold for quite a while
below 1600 will come, industry metals like platinum and palladium
should drop further,
Qingyu
manchester, UK
Posts: 1763
12 years ago
Jan 4, 2013 11:39
In reply to DaveO's post
bless u!

sometime i just doing everything wrong, when it happens i dont do anything.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jan 4, 2013 11:34
In reply to Qingyu's post
Yes and the weekly 100WMA coinciding with 55WMA coinciding with trend resistance drawn from the March high all at c.94.75.

To be honest I am not well in tune with markets right now with various correlations changing recently. I have been avoiding oil.Am still red in face from giving back $2500 watching gold shoot back to S/L yesterday. I seem to be doing everything wrong at mo :-)
Qingyu
manchester, UK
Posts: 1763
12 years ago
Jan 4, 2013 10:54
dave, my 2008 high to 2008 low 50% fib reading on crude oil @90.47. also, this yr sep high to nov low 61.8% fib reading @94.12. hence we have risk off mode, i suspect more down side on crude oil.

and, my trend line support from 2008 to now around 84.7, below this level should be clear selloff.
http://www.bloomberg.com/news/2013-01-03/indonesian-thermal-coal-swaps-unchanged-china-prices-steady.html

with steady thermal coal price, crude oil should trade between 84.7-94 for a peroid.
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