F Flags are bullish until they break but they don't want to break. I still wonder if foreign money is coming to the US in both stocks and bonds because it's the best place in town because no fear of rate hikes. And what about the VIX? It"s unreal.
Everything is back in the box. Man, this gets boring............................................ .................................................. ....................
F Flags are bullish until they break but they don't want to break. I still wonder if foreign money is coming to the US in both stocks and bonds because it's the best place in town because no fear of rate hikes. And what about the VIX? It"s unreal.
Last edited by Bquat; 08-18-2016 at 06:53 PM.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
DJ-20:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
So a lot of kids finishing up their summer vacation this weekend and their parents returning to work so maybe things will pick up Monday. With summer travel ending and many staying at home this weekend to clean up after summer activity's, gas and oil demand should drop. Just a theory.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
BQ: The analysts seem to be expecting oil to hit $64 in the medium term, but that doesn't mean it won't pull back to the 100 day MA before it shoots back up. I keep hoping that oil does retreat. I read in ZH that it seems like whatever the Saudi's say....oil go up.... despite higher inventories, lack of production cuts, etc. It also indicated that Saudi's aren't able to meet all their costs for supporting their system unless oil was above $40 and that they have been selling Treasuries to get cash to keep their machine going. Apparently this impacts the dollar by reducing its value (not sure I understand how that works...unless we're printing money to pay them back....hmmmmm....I'll will need to examine that relationship further) but a weaker dollars increases the oil price. One of these days all that will change. The question is when is that?
Thanks for the chart.
FS
FogSailing
Try to learn something about everything and everything about something.
Lack of fear describes my midterm until Yellen on Friday:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Even though a F Flag is bullish until it breaks in the downward direction, this one has allowed the shorter moving averages to remain above the longer moving averages for a while. So, now even the 50 day and 100 day have been rising for a while. So is this just a summer drift up or something else?
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Since I have no idea when this F Flag will break and was sitting here with not much to do today, I'll speculate on gain potential:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Let's call this riding the F Flag for Friday:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
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