Official Short-term Investments Thread

[tylere]

http://datasuite.cmegroup.com/dataSu...tab=energy_tab

[The_Rural_Juror]

[e36bmw///]

nm

[e36bmw///]

nm

[SilverRex]

ok

so as suggested on friday while after oil broke a nearby angled trend line it tried to repeat what it did best buy shooting for a new high, it failed and fell a few dollars, but this morning it is right up against a support up trend line. we will either see oil recapture the 80.40 area which should formulate a base to push oil higher. Now the upper trend channel is at 85 my min target based on EW equation.

or failure to hold above 80.40 will result in oil attampting another sell off back towards the 200 EMA near 78. I will not suggest oil has topped unless the 200 EMA gives way.



for gold, we my assumption that the breakout to the upside was false so far is holding true, and for range trading it is still in tact. however if the dollar has not bottom out. gold still has one more thurst upwards, and as this chart shows, we could very well have completed an abcde triangle pattern and ready to breakout to the upside. but until it does, range trade between the range. if gold is to breakout from this bullish pattern, it will target in the 1110 area imo. but if it fails, the immediate reaction is down to 1020 sharply. with 1006 to be tested shortly after wards. perhaps a retest of the broken neckline.



and the dollar, while the double bottom just under 75 held. the sequence unfolding of late looks too corrective and not strong enough to convince any big breakout. we can only asssume the dollar's decline has not finished. there fore until the dollar can take out 76 as well as 76.7 abouts where the trend line 1 is situated. it will not confirm a dollar bottom. So I expect based on the fact it broke trend line 2 this morning, it should have a bit more momentum to the upside then a rejection to follow. we have not meet our 74 target yet, even though cyclist has said it has fulfill this requirements.

IF the dollar has bottom we need a strong up impulsive up move. so until we get one. expectation is look for dollar short around the corner.

[Dinan]

wow, what just happened.?

dow was over 100 points up and now it's 40 down,,, so was oil and everything else lol... the USD just spiked...


damn, NG is dropping..... anyone still holding HND ?

[Vanish3d]

im still in HND.... my break-even is $12 LOL

[Bisklimpkit]

Still in HND, as well. Break even is somewhat better than Vanish3d though. 11.30 required to break even. Thinking I'll start putting in sell orders with stops around $0.50 below current market and just keep bumping them up. I'd settle for selling for $6 or better right about now just so I can get my money working again.

[Dinan]

damn, the markets just dropped!!! huge... 200points...


finally the canadain dollar is dropping... now get below 90cents... lol....

[SilverRex]

well is this finally what i have been waiting for for so many weeks?

I need the dollar to break above 76.6 to confirm we have a true bottom, but so far this dollar rise is pretty impulsive.

[SilverRex]

hmm the drop for euro still extremely bearish, gold is falling out of a bullish triangle, and oil appears to ready to head below 78.

I duno, something tells me, this may be it.

meaning, I think we might get a bit of a bounce the other way, but every bounce may be result in further selling ahead.

time to cheer for the dollar index back to 80

like I said last week, dow over 10k is unsustainable.

we had 5 cracks above 10k, each resulting in sharp sell off back below it.

looks like this is it folks.

time to stay away going long

[s_havinga]

so SR, If this is in fact the drop you have been predicting for the last month or so, how low can we expect oil and NG to drop?

[josecuzzani]

NRI Nuvo research has a drug thats getting FDA approval Nov 4th... They submitted everything and the drug is already being used in Canada... should see a big jump!
Get in , super cheap now

[ckangarloo]

^ NRI guy:
Where are you getting your info?

[Dinan]

Originally posted by josecuzzani
NRI Nuvo research has a drug thats getting FDA approval Nov 4th... They submitted everything and the drug is already being used in Canada... should see a big jump!
Get in , super cheap now

yeah i was looking at that too.. why did it drop to 14cents today though ?

[SilverRex]

.

[SilverRex]

so it was a pretty sharp sell off in the euro, however the dollar really didnt rise that much, but none the less every market sold off accordingly.

oil's last defense was the 200 EMA near 78, while this is holding it up, unless oil can climb back above 81 I would begin to use any rise as a chance to short oil yes. of course this would have to mean the dollar has bottom and I sure hope so. My expecation is a rise than fall pattern unless of course it takes out 78 again, then this would be weaker than what I expect.



gold's triangle failure wasnt really a surprise either, if the talk of gold town is so bullish, gold would have been at 1300 by now after taking out 1033 but it didnt. still struggling, what gives? well, it may still be the fact that gold is in a correction, meaning, we need a substiantial fall before rise. but just looking at the breakdown below 1050, it appears the neckline supports the idea that a H&S target of 1025 is in the works., again with stoch very over sold, hopefully it will catch a breath then resume sell off.




looking at the dollar, yes it rose, but not to what I wish for, still under a few critical areas. It would be a nail in the coffin if it can get above 76.6 until then, it may continue to fight, stoch is extremely over bought, expecting a bit of a drop then a new drive higher.

[997TT]

stocks are all over the place at open....seeing pretty good swings

least WEE bounced back .... was getting worried there for a sec.
Good ole news release saves the day.

[davidI]

C'mon oil...sink sink sink!

[Dinan]

Originally posted by 997TT
stocks are all over the place at open....seeing pretty good swings

least WEE bounced back .... was getting worried there for a sec.
Good ole news release saves the day.

wow!!!