1010 ET - The sell-the-dollar, buy energy and sell equities crowd is back, probably due to the Goldman Sachs Report this morning. Will wait and see how the market reacts to the 1035 ET crude report.
1143 ET - The crude report showed a larger increase in crude inventory than was anticipated. The report gave us a nice uptrend in equities, which should have happened in the first place. However, it is not uncommon for the market to retest the lows before reversing trend.
Charles
Great posting. Thank you.
ReplyDeletePhelps, congratulations!!!
"08-08-08" Olympc Games!!!
Thanks David. Hope that your trading is doing well.
ReplyDeleteCharles