..and over 100 points BELOW the 2008-2009 lows.. You are witnessing a GLOBAL FINANCIAL COLLAPSE much larger than the last one. It is hitting the real economy assets this time around, not just financial assets.. Once the BRICS Nations end the Petro Dollar as planned, the US will undergo a Hyperinflation and Depression with scarcity in food stocks, and street riots. The US won't be able to borrow for war funds. China now owns the NY Federal Reserve building. WAKE UP, quit listening to corporate-owned media. The Elites are prepared for this Collapse, they built FEMA camps to entrap you. You will be micro-chipped and vaccinated for total MIND CONTROL..
Sentiment: Strong Sell
BDI is now over 100 points BELOW its 2008-2009 lows.. You are witnessing a GLOBAL FINANCIAL COLLAPSE much larger than the last one. It is hitting the real economy assets this time around, not just financial assets.. Once the BRICS Nations end the Petro Dollar as planned, the US will undergo a Hyperinflation and Depression with scarcity in food stocks, and street riots. The US won't be able to borrow for war funds. China now owns the NY Federal Reserve building. WAKE UP, quit listening to corporate-owned media. The Elites are prepared for this Collapse, they built FEMA camps to entrap you. You will be micro-chipped and vaccinated for total MIND CONTROL..
jadoue13, you can still make $$ on WRES.. all you have to do is continue to sell the rallys and buy the dips enough times to clear out your losses. Study the charts so you know where the resistance and support lines are, look at behavior history with BBands, monitor the RSI, and look for MACD crosses. TA can guide your trading. If you're not experienced using charts and TA, sell when you think its going to the moon, then buy back when it makes you sick to pull the buy trigger, that works too. Or you can just dump WRES and run with a stock with a bull trend. I bot GSS at 0.23 and sold at 0.335, its got another leg up to go, wait until it comes down a bit to around 0.26, then it should run to at least 0.40. There's always at least 2 legs up in any run, comes from knowing elliott wave theory..
The index that timed the 2008 crash perfectly just slumped to a 3-decade low.. Don't expect oil to recover for years, the oil crash is NOT an isolated event! You are being WARNED that the world has already entered into a GLOBAL DEFLATIONARY DEPRESSION..
The Baltic Dry Index just hit a 28-year low. The index drew attention for mapping the financial crisis, going through the floor as the global economy tanked in 2008, but it just slumped to an even lower level.
The index measures shipping costs for dry bulk commodities (minerals and metals like coal and iron, as well as grain and other food).
It plunged by more than 90% in just a few months in 2008 as the global crisis unrolled. Then, it was an impressive bellwether for the global situation.
Shipping costs were previously so expensive because demand was strong and enormous cargo ships can't be built overnight. As the demand disappeared, the Baltic Dry dived.
It has now dropped by more than 50% in less than three months.
Read more: http://www.businessinsider.com/baltic-dry-index-hits-record-low-2008-crash-2015-1#ixzz3QWpjw9ES
Mark my words, by the end of 2016 you will see BABA under $20 a share. Markets are ready to DEFLATE back to Dow 5000. War will break out before 2017 as foreign countries denounce the USD Confetti, Petro $ is dying..
The Baltic Dry Index is a composite of various global shipping rates tied to the movement of raw materials. Thus, the price of the BDI is an indicator of the level of global demand for shipping raw materials, specifically. It is also considered by many to be an indicator of the level of global economic growth, in general. If that is indeed the case, it is not good news for the global economy since the BDI dropped yesterday to $632 the lowest level in almost 30 years. And but for a few months in 1986, it would be a record low in its history.
Light Sweet Crude
The light sweet crude market did a very little during the course of the session on Thursday, as we continue to bounce around just below the $45 level. That being the case, we feel that this market is ready to continue lower, but it’s going to be very slow grind lower, not the type of meltdown that we have seen over the last several months. Ultimately, we believe that there is more support down at the $40 level, so we still favor selling short-term rallies, but this is a market that you want to be very careful when, because it is so oversold.
The markets continue to look like they are one directional, meaning that they will only sell off. Any rally at this point in time will struggle all the way up to at least the $52 level, so having said that we feel that any sign of weakness should be an invitation to start selling.
The Brent markets went back and forth during the course of the session on Thursday as well, as we continue to bounce around just below the $50 handle in this market. The market is essentially flat lined over the last couple of weeks, and we think that will continue to be the way going forward. However, we could break below the recent lows, we feel this market will then head to the $45 level, and then down to the $40 level. Ultimately, we feel that this market will essentially find buyers somewhere below here, but right now there are no real signs of that. On top of that, the US dollar continues to strengthen and inventory numbers in the United States are at record highs. With that, it’s hard to imagine that the demand for oil will suddenly pick up drastically.
With that, we are sellers only, but really at this point in time we don’t have much in the way of a set up anyway. We are just as content to be on the sidelines at the moment, but are looking at the longer-term charts for possible trend changes as we certainly are hanging about in one specific area.