It just BLEW through near-term resistance (81) and is smacking against the long-term resistance at 82.
It's been 'off the radar' for a while, but the Euro (and Yaun? Yen?) are pushing it up. Don't know if the carry trade is still in play. There was a big fear of a rapid unwind (that didn't seem to happen). Oil seems to be trading in tandem, but there's isn't a panic to the door. Makes oil look better and better.
The post martini lunch trade is going to be interesting today.
__________________
"I just find it amazing there are so many legal experts, and experts in just about every other field, all found a single forum to exchange their views."
-- Ernest T. 9/28/09
Saw that. Oil traded down this morning on a big build in inventory. I'm holding the USO looking for oil to go to $85.00 or better. Think I'll buy back the calls I wrote. The carry trade has been working. Look at the charts on CLF and FCX. I'm a FCX buyer at $74. Tech has been unloved recently, thinking about rolling into that trade on a mrkt pullback.
__________________
Opened his mouth and stupid fell out
CLF is a perpetual fav that I trade a lot. I got back in at 56.50 in early march. WLT is another fav, but it got to rich for my blood (probably because the Najarians were pumping it). I had a long wonderful ride of FCX, but it got too overbought for my game. I'd like it again at 70.
And if LOML wasn't interrupting me every 5 minutes, I'd know why the DXY and VIX just spiked.
__________________
"I just find it amazing there are so many legal experts, and experts in just about every other field, all found a single forum to exchange their views."
-- Ernest T. 9/28/09
Check out the MACD on FCX. The fast MA is crossing (down) the signal line and the divergance is underwater.
I've got it as a SELL right now. But check with Harry first.
Just checked my tax lots on CLF. I still have some that I bought at 37.40
__________________
"I just find it amazing there are so many legal experts, and experts in just about every other field, all found a single forum to exchange their views."
-- Ernest T. 9/28/09
Last edited by david gillie; 03-24-2010 at 05:18 PM.
We don't know what we're saying either, but it's fun to say it.
__________________
"I just find it amazing there are so many legal experts, and experts in just about every other field, all found a single forum to exchange their views."
-- Ernest T. 9/28/09
Damnstraight...don't be doin' nuthin' I wouldn't do...
That pretty much limits it to lookin' at boobies and..... well.... thats about it.
__________________
"I just find it amazing there are so many legal experts, and experts in just about every other field, all found a single forum to exchange their views."
-- Ernest T. 9/28/09
Watch the Dixie
Just checked my tax lots on CLF. I still have some that I bought at 37.40
Linear Mode
