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I am not a futures guy, nor a crude oil guy, just being curious. Any thought welcome.
In TOS the /CL intraday chart displays a big gap from 42.xx to 44.xx overnight due to the contract change. Why such a big gap between the contracts? Is the storage really drying up?
Gary, I must say you were calling for biotech to be the next bubble a decade ago but it happened quicker than you thought and so I assume you were unfortunately not able to capitalize on it like you could have particularly considering your foresightedness in the matter.
Biotech isn’t even close to being a bubble yet. That phase will come after a hard correction. I expect to catch most of it.
… and I will be the only one buying at the bottom in 2016. Everyone else will think it’s the start of a new bear market. It won’t be. It will be the start of the biotech bubble.
“… and I will be the only one buying at the bottom in 2016.”
I see you like to employ hyperbolicism – correct me if I’m wrong or misunderstand your hyperbolicness ; it takes more than one buyer to create a bubble phase
QE4 is in the making we should see Nazdaq at 6000 now. The bubble of all bubbles.
What the hell was announced today? I can’t check the markets at work, but it’s the first thing I look at when I get home. Obviously the Fed (or someone) said something this afternoon at about 1:30. Who and what?
Doveish statement. Open ended on when they will raise rates.
As expected it triggered a top in the dollar.
Sweden dives deeper into negative territory
Krona weakens as Riksbank cuts rate to minus 0.25%
Ellen Zentner’s call (no rate hike this year) looks better and better.
IBB is up about 10% since I first read about it on here Gary – seems to be going up no matter what anything else does.
I doubt the Nasdaq will make a sustained move above 5132 without triggering an intermediate degree correction so IBB should have a pullback coming. The next bottom is due in early May after we reach the intermediate top.
from other site http://www.tradingeconomics.com/
Euope is in so much trouble..
Greece, Spain, South Africa, Italy, France