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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
Gunjack
London, UK
Posts: 1184
14 years ago
Oct 5, 2010 20:58
@DaveO - Im from the sell when everyone is buying school...but the strength of this rally and the clearing of 1150-1160 region in ES is making me seriously question my short plays in N225, HSI and CL
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 20:31
NYSE internals strong on this rally up today. Breadth c.2000, vold c.711k, vix trended down well, trin mega bullish territory, tick averages up all session. No disputing risk appetite today, further confirmed by CL and GLD
Gunjack
London, UK
Posts: 1184
14 years ago
Oct 5, 2010 16:32
@Asad I have initiated a small short in CL at 82.7...USDX weakness is v troubling though, it does hint at potentially higher prices for CL
said
mulhouse, France
Posts: 2822
14 years ago
Oct 5, 2010 16:19
let them get trained
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 16:18
I never been one to fade the mkt. Got caught too many times trying that in my early years.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 16:16
GS control the street. Hold the NYSE in the palm of their hand.
chloethebull
Posted Anonymously
14 years ago
Oct 5, 2010 16:00
well its evident us fed don;t care about the recovery or the burden they put on main street with such high oil prices ,,once again its all about wall street gettn there $$ back an sticking it to main street ..job well done mr. president & company lol..gl guys
whiskeybravo
United States
Posts: 18
14 years ago
Oct 5, 2010 15:50
The break over the closely watched 1150 SPX resistance is inducing the shorts to cover and even go long, right when they should be doing the opposite.
whiskeybravo
United States
Posts: 18
14 years ago
Oct 5, 2010 15:16
As a rule, the hard trade is the one to make. Not too late to start some shorts:

GLD, SLV, QQQQ

GOOG and TRW (auto parts supplier to the manufacturers) VERY heavy insider selling of both GOOG and TRW.

Emerging markets are looking bubbly.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 14:54
Oil surprised me but not so much gold