$ASC up 6.8% in pre-market, sits atop the down TL from 4/29 highs. Nice pop so far. We’ll see if it follows through later today.

Looks like we sliced right through 508. Also continuous contract rolled to December. Thanks for the update.

Just wanted to point out that $ASC also has some interesting set up. I am not sure but maybe you can draw a connection. Something is going on in tankers. DHT broke above multi-month resistance today.

Nice setup on STNG. Looks like an impulsive break above the 13.80ish level should do the trick.Thx for sharing

last object entry on /ZW was on this recent pullback to the 490ish support zone with the next objective entry or add-on to come on either a pullback to the 508ish support and/or a breakout above the 520ish target/resistance level, ideally following a pullback or consolidation below that level.

Although I keep an eye on LQD, I’m trying not to read to much into the technicals as it is one of the most heavily manipulated securities in the financial markets with the massive Fed intervention to support the corp bond market, including direct purchases of corp bond ETFs. That has utterly destroyed the natural mechanism of price discovery for low investment-grade & below investment-grade bonds. As such, I don’t think TA is very useful with corp bond ETFs such as LQD & JNK until & unless the Fed stops backstopping the corp bond market.

right? Can we please get an answer @rsotc?

Agreed, Fed taking the foot of the pedal?