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Politics : Evolution -- Ignore unavailable to you. Want to Upgrade?


To: 2MAR$ who wrote (64930)1/16/2015 3:15:09 PM
From: ItsAllCyclical  Respond to of 69300
 
Oil/commodities in general may benefit from ECB either way. If they disappoint Dollar likely goes lower so you'll get some reflex action there, if they stimulate/pump per expectations you may have money going into commodities in general just due to more debasement (ST trade only and works as we're very oversold going into meeting). Oil still looks like a trade vs a buy. Money flows from retail sector in beginning of the year were all going into oil. That's not what a bottom looks like. This is not a typical cycle where oil will react to lower prices. Many of the shale plays will keep on pumping as they can't cap the wells without damaging LT output. Rig count is coming down, but not enough and not for long enough. But for someone who trades 3x inverse vehicles trading around this ST bottom should be no problem for you.

AAPL looks like a decent ST risk/reward here going to earnings on the 27th. May go a bit lower here, but for a small swing trade downside should be limited here.

I'm watching this on the NYSE and this in VIX land