Tech Talk for Thursday January 21st 2016

Jan 21

18 Responses to “Tech Talk for Thursday January 21st 2016”

1. Sherri Says:
   
   January 21st, 2016 at 10:48 am

   Yesterday – Ana

   Thanks, Ana. Don’t worry about your “bad” advice, I make my own decisions but I happened to agree with you and I do tend to sell too soon. Sometimes trading a longer time frame seems like a good idea. The one hour chart has a pretty good channel
   to follow, I just didn’t go back far enough to look at previous support from last year and my head wasn’t thinking clearly. Iappreciate your advice/suggestions. Have a great day on the upswing, however long it lasts…..I’m still waiting to short it again for the next big down leg.

2. Sherri Says:
   
   January 21st, 2016 at 12:36 pm

   Ana

   So, it’s at the top of the 60 min channel – switching to HVU? 😉 I’m a spectator today

3. Wayne Says:
   
   January 21st, 2016 at 1:06 pm

   For those who were following my Oil trade – closed my Brent position at the close yesterday so that I can pay full attention to daytrading AAPL weekly options.
   Far more lucrative.

   Top trades to you all.

4. Ana Says:
   
   January 21st, 2016 at 1:08 pm

   #2. Sherri,

   Yes, switched at the last break of the bb. Might be too early. I will wait it out.

5. Vik Says:
   
   January 21st, 2016 at 1:10 pm

   Hi folks,
   Some confusion here.
   Oil is back above 30 and showing quite a bit of strength today. But oil inventory news was not favourable.

   From investing . com:
   The U.S. Energy Information Administration said in its weekly report that crude oil inventories increased by 4.0 million barrels in the week ended January 15. Market analysts’ expected a crude-stock rise of 2.8 million barrels, while the American Petroleum Institute late Wednesday reported a supply gain of 4.6 million barrels.
   Supplies at Cushing, Oklahoma, the key delivery point for Nymex crude, rose by 191,000 barrels last week, the EIA said.
   Total U.S. crude oil inventories stood at 486.5 million barrels as of last week, remaining near levels not seen for this time of year in at least the last 80 years.

   What gives???
   Yesterday in the second half of the day oil recovered a bit but I thought maybe that was due to short covering before oil inventory news…

   Thanks in advance

6. briank Says:
   
   January 21st, 2016 at 1:20 pm

   Vik,

   My understanding is the quote for oil yesterday was the Feb 16 futures and today it rolled over to the Mar 16 futures so you can’t compare yesterdays price to today.

   Wayne, what is your contact who trades Brent in the Isle of ?? Man, Wight? saying as it is near his prediction of mid $ 20’s?

7. Sherri Says:
   
   January 21st, 2016 at 1:46 pm

   #4 Ana
   Just wondering if you mean bb on the S&P futures or on the HVI or HVU? I was watching the two day HVI/HVU with bb……..those bb are hard to get rid of on TD. Every damn stock chart had them and I couldn’t seem to get rid of them. After a couple of days and rebooting the computer they are gone

8. Ana Says:
   
   January 21st, 2016 at 1:58 pm

   #7. Sherri,

   The BB on webbroker on HVU and HVI. I keep those on.

   $SPX H&S pattern, target of 1848?

9. Ana Says:
   
   January 21st, 2016 at 2:14 pm

   #8. Sherri,

   Target revised to 1842?

10. Ana Says:
    
    January 21st, 2016 at 2:58 pm

    Bailed on the trade when it left the BB.

11. Ana Says:
    
    January 21st, 2016 at 3:00 pm

    Entered hvu trade again. Might be larger H&S. At lower BB.

    Very crazy market…

12. Sherri Says:
    
    January 21st, 2016 at 3:23 pm

    FYI

    http://www.armstrongeconomics.com/archives/42274

13. Ana Says:
    
    January 21st, 2016 at 3:34 pm

    #12. Sherri

    Thank you. Will take me some time to “transcribe!”

14. Ana Says:
    
    January 21st, 2016 at 3:35 pm

    #12 Sherri

    You mentioned that you are able to get these delivered to your email address? Where is that request form on his page?

15. Wayne Says:
    
    January 21st, 2016 at 3:36 pm

    briank,
    Sorry that I missed your post.
    He lives on the Isle of Man.
    I talked to him over the weekend.
    He spreads the far out futures contracts – and he is selling options against the near contract down to $ 20.00 if it continues to fall.
    He is looking for a levelling out around the low to mid-20’s. He is planning on loading the truck between $ 20.00 – $ 25.00. Tells me that it is the trade of the decade. It may consolidate at this level – then run probably mid year.
    When we talked – he told me that he was still short – but was ready to pull the trigger shortly.
    I closed my position yesterday – trading AAPL options.

    I will drop in from time to time, but I have moved on – skyping trades with another options trader….

16. Sherri Says:
    
    January 21st, 2016 at 3:54 pm

    #14 Ana

    I can’t find a place to sign up for this either, but here is the contact information so perhaps you can send an e-mail to Victoria and ask her. She’s very helpful (but sometimes busy and takes a while to get back to you)

    Victoria Reinert

17. Sherri Says:
    
    January 21st, 2016 at 4:15 pm

    #16 Ana
    oops, sorry I’ll try the e-mail address again:
    clientservices@princetoneconomicsintl.com

18. Walt/Qc Says:
    
    January 21st, 2016 at 6:32 pm

    Good 30 Minute Video From Ray Dalio on Economy

    https://www.youtube.com/watch?v=PHe0bXAIuk0

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