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The Schmeissing Continues
Posted on 01/12/2007 13:06:48 | Link | Post Comment
The sharp drop in oil is continuing today. Oil is down over -3% today, falling below the $52 level for the first time since June, 2005.
Looking at the oil ETF (USO), it is now down over -14% ytd. That is a huge move in such a short period.
While longer-term, a drop in energy prices is bullish, the speed of the move is causing some dislocations in the market that I believe are spilling over and causing some weakness is the broader market.
- Will The Streak End At 8?
- Sneak Peak Ahead Of The Open
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- Midday Check
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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