Texaco Kid

“I believe that good investors are successful not because of their IQ, but because they have an investing discipline.” - Stanley Druckenmiller

[Texaco Kid @KidTexaco]

@Rory_Johnston @staunovo Seems very much like a risk off kinda of day. Gold, oil, BTC, semi’s, so I think I’m gonna do the same. I’m old enough to remember an ugly Friday b4 the worst Monday ever. It’s probably nothing but I’ll sleep better this weekend parked in cash.

[Stanphyl Capital 🇺🇸 🇮🇱 🇺🇦 @StanphylCap]

In 2000 the semis peaked around a week before the S&P 500 did, and then the whole thing crashed.

Did the semis peak this week?

[Texaco Kid @KidTexaco]

Great wisdom, applies to trading as well as life in general.

[Camus @newstart_2024]

Roger Federer dropped some real wisdom in his Dartmouth commencement speech:

He won nearly 80% of his 1,526 professional matches, but only 54% of the points he played.

Even one of the greatest tennis players of all time lost almost half his points.

His lesson: Don’t dwell on every mistake. A double fault, a lost point, even a bad day, it’s just one point. The champions move on quickly with the same focus and fire for the next one.

This is one of the best mindset lessons I’ve heard in a long time. It applies way beyond tennis.

Life is full of losses and setbacks. The difference between average and exceptional is how quickly you reset and keep playing.

[Hopper @zeroXhope]

🚨 S&P 500 MAX DRAWDOWN IN EVERY MIDTERM ELECTION YEAR:

1962: -28.0%
1966: -22.2%
1970: -36.1%
1974: -48.2%
1978: -14.1%
1982: -27.1%
1986: -9.4%
1990: -19.9%
1994: -8.9%
1998: -19.3%
2002: -33.8%
2006: -7.7%
2010: -16.0%
2014: -7.4%
2018: -10.2%
2022: -25.4%

NOT A SINGLE POSITIVE RETURN IN 60 YEARS

2026 WON'T BE DIFFERENT

[The Factor Report @PeterLBrandt]

Cash Crude Oil
If we look at the monthly closing price chart we see a massive multi year channel
This would be a monster if completed above the 2022 high projecting price toward $200
The daily chart is coiling in a sym triangle

[Texaco Kid @KidTexaco]

@HFI_Research Who in Iran exactly, agreed to this?

[Texaco Kid @KidTexaco]

Ahh, that sounds a little more realistic. Now, what’s the timeline for clearing the mines?

[*Walter Bloomberg @DeItaone]

Trump: Could have the blockade of Iran lifted by Labor Day

[HFI Research @HFI_Research]

Events tonight illustrate once again that there are no negotiations with the IRGC. Half-ass approaches will only waste time.

We either go all in and destroy the current regime, or we accept that the global energy market will be held hostage forever.

Pick your poison.

[Texaco Kid @KidTexaco]

@KHerriage From COVID lows NAZ up 4X, 6 years up 4X. That music you hear is musical chairs. Better make sure you have a chair when the music stops. Or you'll be reciting Scott McNeally on who thought paying 10X Sales for SUNW or any tech stock was a good idea.

[Texaco Kid @KidTexaco]

@PeterLBrandt 98% of kids that play H.S. sports can't make the roster at a D1 school either. But with hard work, dedication and some blood sweat and tears the 2% can make a living being successful traders or be college athletes.

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

Vitol Says Europe and US Aren’t Facing Up to Oil Supply Crunch

Vitol’s top executive in the Middle East said that many Western governments still aren’t reckoning with the oil supply crunch that’s rippling around the world due to the blockade of the Strait of Hormuz.

“In Europe and I think in the US, everyone is kind of asleep at the wheel and just carrying on life as normal,” Tom Baker, a board member at Vitol, said at S&P Global’s Middle East Petroleum & Gas Conference in London. (Bloomberg)

[Texaco Kid @KidTexaco]

Forget about the fake MOU, how long will it take to clean up those mines? Resumption of significant oil flow from the Straits isn't happening anytime soon. Return of shut-in production becoming more problematic the longer this goes on.

[Energy Headline News @OilHeadlineNews]

Rubio - Iran has mined large sections of the Strait of Hormuz, those are international waters.

[Texaco Kid @KidTexaco]

@Mark4XX @grok any truth to the above post about Iran possessing and threatening to use a nuke?

[Texaco Kid @KidTexaco]

@CommodMkt Oil market at 'tank bottoms' in Asia, and Europe isn't far behind, warns market veteran Jeff Currie https://t.co/NsjtLhTQGV

[Rory Johnston @Rory_Johnston]

Japanese crude oil inventory chart is one of the wildest through the Hormuz crisis thus far.

[Texaco Kid @KidTexaco]

@RealJamesWoods 1 county in Virginia voted for this. Our only saving grace is 3.5 more years and she’s out. Won’t come soon enough.

[Texaco Kid @KidTexaco]

It’s about to get interesting in Asia.

[HFI Research @HFI_Research]

One more month.

[Texaco Kid @KidTexaco]

@EnergyPeddler And with each TACO, the likelihood of $200 becomes that much greater as the hourglass measures the inventory draws. This only ends with a regime change and the economic window is closing fast.

[Texaco Kid @KidTexaco]

@HFI_Research Let me guess….after Trumps Friday afternoon security council meeting ended?

[Texaco Kid @KidTexaco]

@EnergyPeddler Yeah the inverse of this.