Posted by Unknown
This is a follow up post to Wednesday's "USO-Channel Buster" postOne of the last things I said as of Wednesday regarding USO was,"Today's intraday trade suggests USO may get a little bounce tomorrow, it is not uncommon for these trades to revisit the channel."And the last sentence is where we left off the USO Analysis (although at Wolf on Wall Street we have a longer term view of what we think
Posted by Unknown
I've probably mentioned the concept of channel busters enough that you are familiar with it. Several of you are using a swing trade template I made for StockFinder, I would think about scanning for channel busters as they tend to make reliable swing trades. If you're interested, I can probably write and share the code for a channel buster scan. USO has moved about 3% the last 3 days, which
Posted by Unknown
Some End of Day Analysis Excerpts from
Wolf on Wall Street
Last night I saw some surprising news as details of the "Greek Bailout" continue to leak. It appears that a former Labor Minister in Greece spilled some details that included the right for Greek lenders to seize the gold in the Greek National bank. Reuters confirmed what the former labor minister said, saying they found it in the "
Posted by Unknown
Anything look unusual on this chart of Crude futures today?
Pay attention to the timestamp on the chart...
9, 10, 11, 12, 13, 15, 16, 17
Uh, where's 14 (2 p.m.)?
The chart goes right up to 14:04 then jumps to 14:21 then to 15:15 (2:04 p.m. EDT / 2:21 / 3:15)
CME, where CL (Crude Futures) trade, went berserk apparently from an algo. They shut down the system, cancelled all open orders and
