Quick update on the crude front. Crude just hit $139.89 early this morning which may be the reason why futures have taken a large hit pre-market. Crude is currently trading at $138.35. I know Goldman and others were predicting crude to $150, but who knows. Maybe we’ll see $150 by the end of the week?
Tiger Woods just made a clutch birdie on the 18th hole to force a playoff. This man is just a beast. Coming back from being out 2 months due to surgery to force a playoff for the win is just incredible. As a result, we have another 18 holes tomorrow. Updates to come including why [...]
As of this post, crude hit $135 a barrel. That’s right, $135. This morning, crude was hovering around $132. Since I’m in a crummy mood and enjoying my Wii Fit, I’ll keep this update short.
Trades Taken
1 x NQ
-3 x BBD June 25 Call
Profit / Loss for the Day / Open: -$135.00 / $0.00
Overall crummy day. [...]
How much longer can the markets continue to hold out with oil running as if it was being chased by a maniac? Oil topped $130 this morning to $130.41 before pulling back a few cents. My theory is something has to break. It’s either going to be the price of crude or it’s going to [...]
The action today was anemic. Now I understand what folks like Dinosaur Trader and others complain about when the markets behave like today. It also didn’t help that oil reached a record $126.22ish at its high. Visa took another hit today, down another 4 points. It’s reaching my entry/exit target of ~$81. My feeling is [...]