Posted by racerick on 14th of Oct 2014 at 05:02 pm
One of our watchlist oil related stocks had decent day - TDW but
can't tell if it's trying to base here or making a bear flag.
However, not touching anything oil related until crude firms
up.
Got to love Gartman on cnbc. Just 5 weeks ago when Brent Crude
was at 101 he proclaimed it would never break $100. Peeked below
$85 today - nice 15+% drop in 5 weeks. Not sure when I've ever seen
him right on anything though, so not surprised.
M had a good day, kind of my bellweather retail indicator, but
it's the time of year for retailers, so may offer a relatively safe
haven and be worth watching.
TBT made new YTD low today. Not sure when we'll be able to buy
it. Not a government in the world going to raise rates or cut off
the spigot anytime soon. 10 year treasury futures haven't broken
the 4 hour 9ema in 2 weeks. Marching relentlessly higher as TLT has
been.
Oil and other Ramblings
Posted by racerick on 14th of Oct 2014 at 05:02 pm
One of our watchlist oil related stocks had decent day - TDW but can't tell if it's trying to base here or making a bear flag. However, not touching anything oil related until crude firms up.
Got to love Gartman on cnbc. Just 5 weeks ago when Brent Crude was at 101 he proclaimed it would never break $100. Peeked below $85 today - nice 15+% drop in 5 weeks. Not sure when I've ever seen him right on anything though, so not surprised.
M had a good day, kind of my bellweather retail indicator, but it's the time of year for retailers, so may offer a relatively safe haven and be worth watching.
TBT made new YTD low today. Not sure when we'll be able to buy it. Not a government in the world going to raise rates or cut off the spigot anytime soon. 10 year treasury futures haven't broken the 4 hour 9ema in 2 weeks. Marching relentlessly higher as TLT has been.
Best Gartman joke I've heard
Posted by a_l_ on 14th of Oct 2014 at 05:41 pm
Best Gartman joke I've heard is "I want to own things that if I drop them on my foot, I've spilled my drink."