2:35pm
Today’s line in the sand is going to be right around the 128.25 mark and more so at 128. You can see that there was an inverse H&S formation on the 1 minute chart below, if we can get back above the slightly descending neckline (which i think we will today or tomorrow), I think we see another low pretty soon after it:
8:57am
Personal Income Up 0.4%, Spending Up 0.7% in Dec.; Core PCE Price Index Unchanged – This is helping markets a bit!
7:47am
Futures are slightly up after being down… we’ll see what this means, but i wouldn’t be too positive into today. My guess is that we are just slightly correcting after a massive drop, I would think that we continue to drop either late today or on Tuesday.
I think you killed the site
http://www.spoofee.com
See what happens when Sam can post.
I bought Suncor March 40 puts today.
Shit….I just went long 500 shares this morning. Why are you short?
March is a out a bit, hopefully you can both make $ off this trade.
Is it me, or is it not possible to reply to the posts under the social pages?
Anyhow, that reposted chart by Dr. Jr is the ugliest thing I’ve ever seen. I’m just glad I wasn’t eating when I saw it. A real puker as we used to say.
Robert….at the risk of appearing obtuse….can you provide a link to the above referenced chart?
I’m just trading this thing very short term basis. Your long may well be a good trade to be in but I think we need to backtest at least $40 if not $39.
It looks like it’s broken out from the $40 level but it’s ahead of itself and outside of the bollinger bands so short term may see weakness. The situation in Egypt is what’s supporting it so as long as you have your stops on you should be ok.
Righto…..thanks!
Cotton: I copied and pasted it. My comment was partially meant to be humorous. If you open link you’ll probably see what I found to be super ugly bordering on fugly.
brownie54 says:
Got this chart count from doctor_jr. I have to agree. http://www.screencast.com/users/doctor_jr/folders/Jing/media/5b6e5c2b-75ce-4613-911d-cdc61d30562f
Too funny!
Cottonman,
I’m looking at the Canadian version of SU. You want to see a close above $41 and that would confirm the break out. I still think it needs some consolidation/back test of some kind before shooting higher.
Thanks…..looks like it’s already bustin’ a move!
Wow ANW making large upside move wonder what is up with that? Any thoughts?
I have to think that with the shipping issue around that Suez canal and the fact ANW deals with container storage ships and marine fueling that is why it is running up. JMHO
Wow F is really taking a dive it just keeps dropping like a rock.
dsavill….do you know what chart Robert is referring to in post #2?
Suncor
no – faz – SEE 2 ABOVE
I wonder why people don’t get the new design of the site, can you leave me some feedback?
New design? Have not seen it.
Idan: I found the social section a little confusing (I tried to reply to a post but I could not – perhaps because I was not a friend of the person who posted). Reading posts on the interday is easier for me as Ican read the entire post without opening the post – but that’s not a big deal (to me). On social the comments get cut off if they are too long (you need to click to read the entire post)
I think it’s confusing with some people posting on social and others on interday.
But as with all new things, perhaps it needs a little time to get constructive feedback.
Did you want everyone to post on Social vs Interday?
We want to slowly shift towards a social type of interaction.. but thanks a bunch for the feedback
got it, thanks!
On the strange news front, a smalll plane just landed on I80 in NJ, a Cesna – ya don’t see that everyday.
Idan, posts are wrapping correctly on social, I don’t know if my pc had issues earlier or you tweaked something. Or it could be that I was seeing things, happens sometimes on Monday mornings
I 80.. woww.. must have been a problem there.
Weird my SU chart keeps falling off.
An SU chart (borrowed by me) from a technical trader who’s had good calls in the past. He likes SU long
http://chart.ly/q9fdaxv
(Note: chart was from Jan 28th, so his bullish call was spot on)
what happened to the site?