sp'60min
USO'60min
Summary
*Oil has been stuck for the better part of two weeks. If the next set of inventory reports come in no higher than 3/4 million barrels.. the likelihood is for a break to the upside.. into the low $60s.
I remain long Oil - via USO, seeking an exit in the 20.50/21.50 zone.
-
A pretty mixed day... but overall.. it sure looks like we'll close a little higher. Daily candles are offering a spike-floor in most cases.. which bodes bullish.. ahead of the GDP/FOMC tomorrow.
Indeed.. tomorrow should prove to be pretty interesting.
-
notable weakness: AAPL, -1.4%... on what is pretty large vol'. On any basis though.. renewed upside in May looks due.
-
3.13pm.. TWTR is seeing some crazy price action ahead of earnings.
Does someone know something?
*I have no position in TWTR (having bailed last week @ $51.95). I was considering going long for earnings.. but on this occasion.. I will refrain.
I'm not in the mood for any extra stress!
3.16pm.. It seems - from Zerohedge... TWTR results have been leaked.... hence the drop...
The rumour.. rev' miss.. EPS 7 cents vs 4.... but market is not happy with it!
3.20pm.. There will be absolute hell if the TWTR reports turn out to be fake! Stock has been whacked around 4%.. losing the key $50 threshold.
If the 'real results' at 4pm come in different... crazy.
*...and partly.. thats why I usually avoid momo stocks.... the hysteria!
3.29pm... woah... TWTR... suspended... ahead of a news release. -5.8%.. and holding.
3.35pm... Pretty entertaining drama with TWTR... now its a case.. do they bring forward their earnings before the close?