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Analog Devices, Inc. Message Board

toughmudder456 4 posts  |  Last Activity: Jul 8, 2016 1:55 PM Member since: Oct 25, 2012
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  • toughmudder456 by toughmudder456 Jul 8, 2016 1:55 PM Flag

    Normally this product cannot be looked at on its own due to how the futures expire/move to front month/etc. However in the short term you can use traditional analysis if within a 1-2 week period. We've got the potential today for a large hammer candlestick forming if Crude ends at or above 45.90. It will be interesting to see if the final 30 minutes of pit trading bring this back to 45.90+. If they do, we should all be longs. Hammer candles are some of the best reasons to go long in any product

  • toughmudder456 by toughmudder456 Jul 8, 2016 9:16 AM Flag

    1) Dollar down on the day (British pound is up nicely, albeit no impact on its own but helping dollar stay down)
    2) Demand up (nearly 300k new jobs) disproving the skeptics about a drop in economic activity
    3) US weekly supply came down more than usual this week
    4) Stock market may reach its new high today or soon thereafter. Would be odd to see oil going in the opposite direction
    5) central banks are supportive post-Brexit
    6) Oil market participants are hugely short following yesterday's drop on potential negative job reports, short covering already abounding post-jobs release
    7) Oil inventories were down 2m+ yesterday (3m when including distillates)

    What basis do the shorts have today exactly? They may say that a rate increase is more likely, however you cant make that argument without the dollar rising significantly, which isnt happening today. Post-Brexit the market still believes another rate increase is postponed to at least 2H 2017.

  • Reply to

    I just sold

    by toughmudder456 Jul 7, 2016 12:30 PM
    toughmudder456 toughmudder456 Jul 7, 2016 1:30 PM Flag

    but still down, and the decline in production was also larger than usual. This is very odd. Sad

  • toughmudder456 by toughmudder456 Jul 7, 2016 12:30 PM Flag

    Bought at 11.43 this morning and had to sell to cover margin at 10.99. I'm really upset

ADI
63.93+0.120(+0.19%)Sep 28 4:00 PMEDT