As this is being written, 30 minutes to the close, the market took a major turn for the worse.
WTI futures are getting further pinched between last week’s low ($44.20) and downtrend resistance which has moved lower to $45.95. So, oil remains at a “tipping point,”
Disappointing earnings and soft economic data combined with a lack of liquidity (thanks to the snow storm) to send markets sharply lower Tuesday. The S&P 500 fell 1.34%.
It’s earnings in conjunction with a storm that is creating the perfect storm on Wall Street today.
The idea is become more efficient and productive
I’m just saying that thinking is usually a dangerous first step for me
Tactically, as we pointed out yesterday, today would be more or less and side day and we would not close up or down much.
The markets are trying to stage a reversal rally after the last two days of rout. We’ve gone straight down on the Dow since last week and now we’re up about 50. We were higher in the overnight and then sold off below yesterday’s low but we’re moving slightly higher right this particular minutes, although […]
Your small cap proxy, the Russell 2000 had been quite strong heading into the end of the year. Let’s see what it looks like now that January is coming to a close…
Through a merger with HCT I became an incidental shareholder of VTR this week and I could not be happier that I was placed into this trade!
That’s Hot US crude production (nothing stops the Duke of Earl) Refinery maintenance (at this rate Spring turnarounds will finish in time for Fall maintenance) Puppies (and here I thought OPEC was buying the most commercial time for the Super Bowl) That’s Not US crude production (cutting CAPEX and OPEX doesn’t include oil) US […]
Want more oil? We want more jobs.
Do as I say, don’t say what I do…
The question everyone wants to know is how low can it go?
King Abdullah, the EU and Storage Wars…who needs more?
6+3 = 9, but so does 4+5. The way you do things is all how you look at it.