OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Oil & GAS

Posted by Ororeef @ 15:55 on August 19, 2019  

The smaller ,but quality OIL & GAS are giving BUY  signals    like”CRZO”  and “SM”  ,probably because they have been oversold too much ,ready for a bounce …Their charts look like the   “GUSH” CHART ..

Oil Service Stocks

Posted by Ororeef @ 15:32 on August 19, 2019  

oil-service18 of 21 oil  service stocks I follow are UP today  ..What does it mean ?they were at the bottom of the oil business..

I expect that the bottom in GUSH

Posted by Ororeef @ 13:39 on August 19, 2019  

maybe a slow rise and not as the NAME “GUSH”implies ..dont get too excited by the bottom  .Dont bet the farm on it..politics is more at play than commodity  …

Ororeef

Posted by Maddog @ 13:32 on August 19, 2019  

Re yr 155 17 Aug

I reckon that has to be the greatest Saucer bottom. Cup and Handle of all time….now if the shorts were really forced to cover, it would trade like it was.

JNUG now green and 7. bucks off its low

Posted by Richard640 @ 12:54 on August 19, 2019  

https://finance.yahoo.com/quote/JNUG?p=JNUG&.tsrc=fin-srch

Oro–GUSH. had its last split in 2017–there are no new splits announced

Posted by Richard640 @ 12:53 on August 19, 2019  

I dont think its just a supply problem in oil

Posted by Ororeef @ 12:51 on August 19, 2019  

,its a POLITICAL problem ….Low prices buy votes ,mid easteners dont have a vote !  After the election oil will soar !  The oil Service companies are preparing now indicated by todays rise in service index .  plan ahead…,but DONT overthink everything   .BUY when technical sez buy ,then watch for sell signals ! thats all you can do  ..

I dont like reverse splits ,have they pre announced any for GUSH ?

Posted by Ororeef @ 12:39 on August 19, 2019  

it usually limits the number of new buyers because of the HIGHER Price  ,like JNUG

 

Ororeef–one always sees these articles at a bottom=GUSH fell from $40 to $2.81–doesn’t the writer see that his. “bad news” has been fully. discounted?

Posted by Richard640 @ 12:25 on August 19, 2019  

Traders Like This Oil ETF—That’s Not Good For E&P Stocks

The energy patch has been punished this month, particularly the volatile exploration and production stocks. Just look at the widely followed S&P Oil & Gas Exploration & Production Select Industry Index (SPSIOPTR), which is lower by more than 12% month-to-date.

What Happened

Last Friday, that index added almost 3.2%, but it still lost nearly 4% on the week. The primary problem for exploration and production companies this year is that the U.S. is awash in crude and is pumping at record highs, relevant because most E&P firms operate in the U.S.

The thing is, the world’s appetite for oil is projected to wane over the near-term amid intensifying recession fears for major global economies. Even the Organization of the Petroleum Exporting Countries (OPEC) is paring its 2019 global demand outlook.

Why It’s Important

Last week, in the midst of mounting fears around an impending global economic slowdown, OPEC trimmed its global oil demand forecast. “The cartel also highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to restrain supplies,” reports Reuters.

Those headlines contributed to a 10% tumble on Friday for the Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares DRIP 8.41%. However, underscoring the bearishness in the E&P space, DRIP still gained 8.48% last week. DRIP looks to deliver triple the daily inverse returns of the S&P Oil & Gas Exploration & Production Select Industry Index.

Data suggest traders have been embracing DRIP. For the 10 days ending Aug. 15, inflows to the bearish energy fund totaled almost 34% of its assets under management, the highest percentage among all leveraged Direxion ETFs, according to issuer data.

What’s Next

Here’s where things get interesting. The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares GUSH 8.25%, DRIP’s bullish counterpart, has been adding assets, too. Traders faith in GUSH was certainly rewarded last Friday when the fund jumped 10% on above-average volume.

For the aforementioned 10-day period, GUSH saw inflows of $47.7 million, a total surpassed by just three other Direxion ETFs. Still, recent price action suggests, DRIP or the sidelines are the places to be when it comes to E&P stocks.

GUSH RENKO 1 year ,the brick is changing color ,when it turns white(black) ,its clear signal -up ..

Posted by Ororeef @ 12:23 on August 19, 2019  

gush-renko

A friend of mine said he thinks GUSH is a corrupt product snd beware in general of Direction products

Posted by Richard640 @ 12:06 on August 19, 2019  

I dunno bout.  that. but I think it’s great risk/reward–

R640 yes, I think it made a bottom @2.91

Posted by Ororeef @ 11:56 on August 19, 2019  

gush-bottom

I dont want opinions ,thats my personal view,I got a SPIKE in its GoldRatio and thats usually correct in making bottoms.My Renko chart will probably follow tomorrow since its filters have slight delay

Ororeef–So would u be a buyer of GUSH at 3.44

Posted by Richard640 @ 11:43 on August 19, 2019  
GUSH’s 4th split took place on May 01, 2017. This was a 2 for 1 split, meaning for each share of GUSH owned pre-split, the shareholder now owned 2 shares. For example, a 50 share position pre-split, became a 100 share position following the split
 

On April 22nd 2019. GUSH was 13.42—On Oct 1st 2018 it. was 40.36

Looks like OIL SERVICE stocks have Bottomed

Posted by Ororeef @ 9:41 on August 19, 2019  

maybe winter demand is coming for Fuel to keep WARM   ! thats not a choice like gasoline is !

R6 – Nice Call, timely

Posted by Buygold @ 8:42 on August 19, 2019  

Gotta love those trades that payoff handsomely on the first day.

 

Gold Train

Posted by Maya @ 3:20 on August 19, 2019  

rrflasher-copy

C&NW  “Vee-Face” locos were the first ones
I remember coming past my childhood home.
https://railpictures.net/photo/706792/

 

Jihadi JACK kicked out of Briton ,stripped his Citizenship ..here!..here!

Posted by Ororeef @ 0:18 on August 19, 2019  

The IS fighter known as Jihadi Jack has been stripped of his British citizenship, sparking a furious diplomatic row with Canada.
Muslim convert Jack Letts, 24, had held duel UK and Canadian citizenship but declared himself an ‘enemy of Britain’ after fleeing his Oxfordshire home to fight in Syria.
After being captured by Kurdish authorities, he begged to be allowed back to the UK and, despite previously saying he wanted to be a suicide bomber, insisted he had ‘no intention of blowing up’ Britons.
But The Mail on Sunday can reveal that the Home Office has torn up his British passport, making him the responsibility of the Canadian government.

I think this BORIS GUY is off to a good START  ..!

Lots of PIVOT Points right here ..

Posted by Ororeef @ 23:50 on August 18, 2019  

reversals even for S&P stocks ..even HongKONGs  HengSing has botomed …as tech stock VMW

also Hong Kong ETF  , EWH bottomed,China YUAN botomed,The Dollar & GOLD are moving together !  same direction…

Selling treasuries tonight…we’ll see if this lasts until tomorrow…A. few hours ago, Trump just tweeted China-nice-nice-so stocks opened higher

Posted by Richard640 @ 18:24 on August 18, 2019  

http://futures.tradingcharts.com/marketquotes/ZN.html

The 30 yr t-bond down 1 &. 10/32nds

http://futures.tradingcharts.com/marketquotes/ZB.html

US National Debt Spiked $363 billion in Two Weeks, $1 Trillion in 12 months. But Who Bought This Pile of Treasury Securities? GOT GOLD?

Posted by Richard640 @ 18:18 on August 18, 2019  

Nope, the Fed dumped. But there was huge demand elsewhere.

The US Gross National Debt has jumped by $363 billion in the two weeks since President Trump signed the law that suspended the debt ceiling. This surge pushed the total debt to $22.39 trillion. That’s up by $1.01 trillion from 12 months ago. And these are the good times. Watch this debt balloon during an economic downturn! Whoopee!  Note the technical term at the top right of the chart

The question, “Who the heck is buying all this debt” – because every dime has to be bought by some entity – is becoming increasingly nerve-wracking, particularly as the trade war with China puts the possibility out there that Chinese entities might dump their US Treasury securities, much like Russia has already done. But Russia was only a small-ish holder. China is – or rather was – the largest one.

So we got some answers on Thursday when the Treasury Department disclosed in its TIC data how much of this debt was held, bought, and dumped by foreign investors through June.

Foreign investors bought hand-over-fist. But not the Chinese!

 

https://tinyurl.com/y2j6td2z

Keep on stacking

Posted by Richard640 @ 17:58 on August 18, 2019  
Nicko2
Aug 18, 2019 at 8:09 am

The USD$ has already been strong this whole year, up around 20% against many currencies, and many more in developing/emerging economies. It’s a good time to stacks of $$$.

my rent in Denver went from $1400 to $3000

Posted by eeos @ 17:47 on August 18, 2019  

So now we own a house in this bubblicious market! What am I supposed to do? And R640 is spot on, relators are the greediest slimeball turds in the universe. I can’t wait till Zillow and Redfin smack the hell out of the carpetbagger snake oil salespeople that do nothing but unlock doors and pass off fake electronic documents that scum bag lawyers make up to extort huge amounts of money from people. See the taxi market in big cities? Cabbies are toast. Lyft and Uber slayed those turds too, the dot comers pound greed out of the market and they scoop up the $$$$$$$$ instead. Eff relators!

Benoit Mandelbrot chaos prof : Volatility days are defined as days with +/- 3% change.

Posted by Richard640 @ 17:43 on August 18, 2019  
Michael Engel 
Aug 18, 2019 at 7:08 am

1) Tiny tranquility candles above/ under a gap can hide volatility.
Full body candles cannot hide volatility.
2) Benoit Mandelbrot chaos prof : Volatility days are defined as days
with +/- 3% change.
They tend to cluster together. They appear in a downtrend and rallies.
They don’t predict trend.
They predict chaos and a major change.
3) Spx : after six month of tranquility, Aug 5th was a 3.8% day // Ndx was a 4.5% day.
4) US 10Y : Aug 1st & Aug 5th both were 5.9% days.
5) German : 10Y Aug 13 & 14 are very volatile days in vertical max.
6) Stay out of their way.

Hmmm….maybe rates aren’t gonna rise….

Posted by Richard640 @ 12:14 on August 18, 2019  
It has been a thesis over 20 years in the making, but with every passing day, SocGen’s Albert Edwards – who first coined the term “Ice Age” to describe the state of the world in which every debt issue ends up with a negative yield as capital markets and economies collapse into a deflationary singularity – is that much closer to having the victory lap of a lifetime. Although, we doubt he is happy about it.
Commenting on the interest rate collapse he has been (correctly) predicting ever since he first observed Japan’s great bubble bust of the 1980s and which resulted in both NIRP and QE, and which he (correctly) expected would spread across the rest of the world, leading to a “Japanification” of every major bond market…

https://www.zerohedge.com/news/2019-08-17/12-reasons-why-negative-rates-will-devastate-world

Richard

Posted by goldielocks @ 11:58 on August 18, 2019  

This time as far as mortgage it’s not just blame it on Fed or market. It’s the greed in realtor market. They got wind Trumps in office, the economy is improving so like vultures there they go raising prices. At the same time you got criminals buying up apartments taking them over and raising the rents. In California it’s outrageous. One woman told me one two bedroom apt she moved out from cost too much at 1500 a month is now 2300 a month.She made good money but wasn’t stupid. Across the board they’ve raised the rents hundreds of dollars and no real difference in the place or square footage just greed. All revolving on breaks to the working class with tax breaks and jobs that was meant for them not these greedy brain dead sobs that want to swoop up and take it plus more. They are trying to make it a rental monopoly. Same for housing.
If it collapses it’s their own doing and can’t see too many feeling sorry for them. I bet they’re for open borders too.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.