Wednesday, July 16, 2008

July 16 Airlines Rally


Crude Oil sold off on inventory numbers and airlines rallied hard even after AMR reported a 1.45 billion dollar loss for its quarterly earnings.

The dow Rallied when Oil tanked off its inventory # at 10:30am EST.

I was long 3 contracts on YM before the oil spike lower and YM popped. I also got some good scalps shorting the 30yr bond futures contract. The 2yr (ZF) has been relatively strong compared to the longer bonds.

3 comments:

Anonymous said...

great chart, what MA are you using besides BollingerBands ?

Steve

HPT on 1:33 PM said...

I've got a lot of indicators hidden underneath. I'll make a post about my chart sometime this week. Gotta go to work.

Anonymous said...

wow you called it, great rally today - oil is all over the place now.

Subscribe via email

Enter your email address:

Delivered by FeedBurner

 

High Probability Trade. Copyright 2008 All Rights Reserved Revolution Two Church theme by Brian Gardner Converted into Blogger Template by Bloganol dot com