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Trading Oil For HFT Idiots: Lesson Complete
Who could have seen this coming? In lesson 101, we 'taught' the HFT idiots that you "Sell API, and Buy DOE Inventories." In lesson 102, we 'taught' the HFT idiots that you then "Sell the DOE Rip." Today, we finish with a big "told you so dance" as we 'taught' the HFT idiots yesterday, no matter what WTI will ramp insanely into the Friday NYMEX close after rig count data. Next we get the insta-dump...
Seriously!!!!
This ends the 7-month losing streak for WTI...
Charts: Bloomberg
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I'm sorry; I prefer my casinos un-rigged...
i prefer the whorehouse. i know that i'm going to get fucked and lose my money but at least i get off when it happens.
I used to tell strippers that my attorney would fuck over my ex-wife for $400 per hour, which was a lot more than I was paying them.
I've traded the CL for years. And yes, they want it at this priced around 50 bucks.
The voulune is hig and vix is still high. But the OVX is not make sense. THe triangles it repeats on many time level charts is becoming annoying and too plain in sight. Maybe the way they want it???
The CBOE does options and VIX indexes and I can't say I believe much of any of it.
THose fucking fedsters are really digging thier claws in here deep. Deeper than deep throat.
If 08 to 15 is only 7 months I been drinkin waaaaay too much.
Think Tyler was pointing out the previous time we had a losing streak of this span.
oh .. now i get it < smacks head >
No problem. We see so much chart porn sometimes it becomes a blur.
Algo-Mania, while regulators turn a stupid blind eye to corrupt forces working to manipulate markets like oil.Very sick indeed.Puke.
Mark Twain was quoted as saying; “Reader, suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.”
Were Twain alive today he'd probably designate the HFT's the hapless idiots, and regarding HFT idiots that are "Selling API, and Buying DOE Inventories" might ask; "Do they have an app for that yet?"
Recession?
They's no recession.
We don't have no recession!!
We don neeed no steeeenking recession!!!!
December projection is still pretty much on track...
http://www.globaldeflationnews.com/oil-light-sweet-crudeelliott-wave-upd...
Correlation. Template matching. One problem, the 08 decline in wti came AFTER/during the "market" collapse. This time (2015), wti is preceding the collapse....
Algos trade charts, not reality.
Last time Brent had a month like it had was May 2009. SO we'll be at $100 in a few months regardless of fundamentals. Gas stations across the country are already hitting a $2.50 average even with WTI trading under $50. Large moves are always made to set a new higher retail price off the same or lower initial input costs. $100 oil in 2008 correlated to $3.00 gas. Soon $70 oil will mean $3.00 gas. Guaranteed inflation. Thanks to the fuckers that run the show even if oil collapsed to $25 a barrel we would still be paying over $2 for gasoline.
This entire bullshit move was planned scripted and played out. Who gets fucked? Regular people as always. We'll be back to $3.50 gas by June and all of the small player tar sand and shale oil operators we'll be bought out by the big guys.
The next in the ultimate line of fuck you up the ass middle class that has been going on since the orchestrated market surge and collapse of the late '90s.
It's about time to throw some bankers from windows. The first Goldman Sachs commodity trader that splats on the ground will cause oil to drop 20%. Nobody will be held for murder since it will be a huge server that explodes when it hits the concrete since humans no longer trade anything. Perhaps charged with destruction of property.
The US is an exporter of oil products (eg, gasoline, diesel). As a result, the price is more affected by global forces than oil (which cannot be legally exported). That is the primary reason gas prices do not decline to the extent you expect.
Plus the refinery strikes, explosions, and reformulating for the spring blend.
But it is oh so good for the economy! Maybe holding back those printing presses at the Fed would do wonders for the price of commodities....