JPM today ups their target by $3. Once again where were these guys say even $10-$15 ago in the share price? Most analysts are just Monday morning quarterbacks now they show up later instead of before a move actually happens.
I agree....So were the estimates for a higher draw. Initially oil moved a bit higher then flattened out which makes sense until tomorrow's numbers. There was a larger draw of gas and today's CPI was hotter than estimates due to energy. The market tanked believing the Fed is back in play if so the dollar could rally. This is getting interesting.
You had a 1.1 million barrel draw but lest than expected oil is creeping slightly higher in the AH. There was a bigger draw down in gasoline than expected so tomorrow's numbers will be important for sure. Today's market selloff was about the Fed back in play and the CPI numbers were hotter mostly because of energy prices. If oil keeps moving higher I think the Fed may have to hike soon and that could be a game changer for the dollar. I guess we'll see.
You would think right but the algos are moving all these stocks daily on lesser volumes no matter what direction the markets are moving. I think so many of these are ahead of themselves but the market believes otherwise for now. The trade has become too easy which is unusual in this market. Even the debt heavy garbage stocks continues to go up. The Fed has a new dilemma inflation is climbing especially energy in the CPI today wages too if they hike it may slow this trade up soon but for now off to the races it seems.
Possibly....sometimes a stock hits resistance especially after the big move in CLR in about 3 months. But you cannot compare those two stocks CHK is still in bad shape especially with nat gas prices and their debt. I just bought CHK on dips recently a few times for some decent gains but sold the last on May 11th at $4.68. I've seen CHK do this before run up big then fall apart it appears that's what is happening now. Like I said watch those two inventory numbers this week.
Goldman is the 7th largest nat gas merchant in the US....self serving?. Their call says oil is in deficit now but could head back to a surplus soon. It's like when Yellen speaks at a press conference she also speaks out of both sides of her mouth. Markets are now at the daily highs and CLR and others are well off their daily highs. I guess we will see. This weeks set of inventory numbers will be big I guess.
If it gets to the $6 area that would be a round trip. That's about where it started the monster run to the mid $30's.
is all I can say about MU. Markets up big for only one reason Goldman flips on oil and crude is off to the races despite poor macro numbers here and abroad. God help this market if the Fed raises in June but she does not have b--lls to do it.
By the way it does appear that bambamflintstone and I have been on the money with AA and all you Alcoa worshipers have been wrong since the Cramer pump to $15. Never fall in love with a stock unless it's a utility with a great dividend during a low interest environment that's where you guys that bet so heavily on one equity eventually go down the toilet. Keep up the name calling because that's all you have left newestbuyer/top50. What a fool!
Yeah tell me where I live then you moron so you are the newest buyer too. How come you have to use 2 ID's? Lived my entire life in NY and that's a fact. Where do you live Bumkin Kentucky? Diddling the farm animals at night must be you big plans on a Saturday night.
Yeah I saw that too. He was the chart to $15 guy and now his firm writes this. That tells me his hedge fund brothers are now short AA. They ran it up big the day after his show and it has been down hill since. You have to love Cramer he "helps" the regular guy.