It does appear that they will take oil lower and so will COG. There are just few real buyers. Appears just some shorts covering. Other than that it is a free fall. Going under 26? Wow!
Could be hearing a louder "Fire Her".
One wonders how long the printing of money with no collateral can keep this market up. Companies galore missing earnings and lowering future expectations. Seems early for another big crash yet this quick rebound from 2009 has been a manipulated one so may be happening.
Europe took the bigger debt mode so it is a world wide mess of banks continuing to be bailed out with money that doesn't really exist. Looking for a world wide collapse. No one thought that oil was going to tank like it has. The day is coming that market has another collapse.
Selling to get out before earnings after hours. Just a trade as they are using today to make some money on a short trade in MSFT. They are long IBM and short HPQ and MSFT. No idea what happens after earnings. One of these days they will keep falling. For now they continue to trade them back up as they make money long and short on the same stock. Be careful as it becomes harder and harder to make money. Covered here at 46.50. May go lower or may go higher but I am done with MSFT for now.
Certainly a lot of sellers under 85. Think it is a little overdone here at 83.60. We will see.
May go down further before it moves up. Continued refreshing on the offer. Lots of shares for sale. Already traded over 26 million with an hour and 1/2 to go. Definitely weak.
Continuing to make lower highs and lower lows. Close to support at 45. 20 area. Folks have been waiting for the market to move lower for a number of years now. Now folks saying up, up and away. Anticipate more shorting from the big money and a little correction in the market this year. We will see.
Not going to happen. Do not think that we will see bank rates rise as Fed has predicted. They will continue printing money.
Shorts are still in control at present. May change later. When the big buyers became the shorts there is no way you have a big short covering. They will play with their trading millions to cover their shorts. They will not lose big to cover.