Full Strawberry Moon
Not much new today other than the full moon. The bad news…CNBC commentators are very bleak, the good news, usually they have things backward. The game remains oil. 8:09 AM CDT
Archive for June 2008
Risk / Reward
With the stock market, basis the raw S&P index, locked into a tight 1331 to 1386 range traders need to be aware of the big picture every day, if the market breaches the 1386 level the upside possibility of the…Continue Reading →
What is Different on this Website?
We try to walk you through the little stuff on the way to the bigger objectives. Oil is probably the most important factor at the moment, yesterday’s blowoff rally disintergrated and this points to the fact that the oil market…Continue Reading →
Start of Summer Blahs, Prelude to a weak Summer/Election Rally
Oil is acting up again, we still don’t like it. Look for the stock market basis the S&P 500 to churn around in a tight 1333 to 1386 area for a week or two, making Fridays late high 1363 a…Continue Reading →
Stay with the Plan
As stated yesterday, we don’t like the oil sector and we believe the stock market has sold off into an area where depending on your portfolio’s bias, covering shorts or getting long is ok. Our overall position, net position of…Continue Reading →
Heads up Day for Traders, and what is CNBC talking about
Today is a key day. This is the day that establishes yesterday as capitulation day for this stage of the stock market cycle. CNBC was all in a lather yesterday about the falling dollar and how that means $ 150…Continue Reading →
Today is a head Scractcher
There is no clear short term direction in the stock market today. The oil inventory report at 9:30 AM CDT and the Feds Beige Book will be the highlights of the day. On this kind of day, one might be…Continue Reading →
Oil’s Tipping Point….the Election………..with update
With the start of the real election process yesterday it is obvious that the Republicans biggest problem is the economy and the economies biggest problem has become oil. From the very beginning of the Bush Presidency, the secret Cheney oil…Continue Reading →
Still in a Topping Formation
Fridays quick move down based on oil and the jobs report is another confirmation of the importance of the 1437 bounce high a few weeks ago. It does however, not necessarily point to further sharp declines immediately. Volume on the…Continue Reading →
Where is the Recession ? plus a late Update
This is the CNBC refrain the past few days. To us the answer is, have patience, things take time and in fact todays employment numbers point to it being closer than many believe. Yesterday we saw a stock market buyer…Continue Reading →