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The conventional wisdom has been that higher crude oil is bad for stocks. That is completely idiotic simpleton analysis. The energy, infrastructure, and ag plays feed off of higher crude prices, sure, higher crude hurts the airlines and the truckers, but what % of the S&P are they? Higher...

The only thing stopping the crude oil freight train is a very deep worldwide recession, and I am not counting that out at all. The US will be in for a doozy of a recession and I don't think that's priced in yet either for the stock market. But if Bernanke and company go crazy and really churn...

Refineries will not buy crude oil if they can't sell the end product for a profit. In China, that is the case. Crude oil consumption in China is being artificially supressed because refineries don't make any money refining crude oil and selling below cost since China has price controls. So...

Tell that to the Chinese! There are some of the worst diesel fuel shortages the country has ever seen. Long queues of trucks and cars stretching over a kilometer long to just a get a ration of fuel, not even to fill up the tank. There is not plenty of supply otherwise these minor supply...

Since April 2007, NYMEX Crude oil is up from $64 to $113+ for a gain of 77%. Since April 2007, Euro is up from 1.345 to 1.575 for a gain of 17%. The yen is up even less than the euro against the dollar, so the dollar index is actually down less than 17% year over year. And no, going...

No, I am saying that the main reason oil is going up is because of the supply demand fundamentals, not because of the weakening dollar. There is no conspiracy with the price. I don't believe the media 5 second sound bite that blames the weak dollar for higher crude oil prices. That's not the...

People will be talking about how they wish crude was $113/barrel in a couple of years. This has been the most underpriced commodity in the world for past century. It is the most essential commodity for economic growth. The dollar has actually gained on the euro while crude has been going...

True, I don't think this is a great spot for a swing trade short, but it is a high probability short till the close. I would put a stop at 1359.25 and close out the position at the cash close. We've been churning near the lows for the last 2 hours, bearish pattern unless a buy program comes...

Probabilities are pretty high that this is a trend day where the market just grinds lower all day and ends near the lows. Going long here and holding for more than a scalp is a low probability play.

It amazes me that so many people are trying to step in front of a freight train like crude oil. The skeletons of those that tried to call the top at $70, $80, $90, $100 litter the trading landscape. There is no stopping this crude oil freight train, the only way it will be stopped is if...

Way too many knuckleheads on CNBC saying that March was the bottom and being bullish. Plus a perfect H&S formation in the middle of the day marking the top of this move. The ES futures are already down 6.5 points from the cash close. Look for a bloody week for the bulls as market is...

BOTs usually wait until the next day or the day after next to get out of their positions, they are in no rush, remember, BOTs don't have emotions so they don't feel the urge to take profits. :p

Looks like they will grind them higher all day, classic bear market action, gap up huge and grind higher on one day, and then sell off all the gain slowly over the next 3-4 days. Watch for more and more calls that we've seen the bottom as we grind higher all day.

There goes your gains for the day, it already happened! Daytraders get left with pixie dust while the smart swing traders pick up the quick and easy 15 ES points overnight. This is classic bear market action, go down steadily and then comes a sharp rally out of the blue, usually overnight...

The dollar will become worthless with all the printing and monetizing going on. Hyperinflation is on the way, there is no stopping the dollar devaluation, still massive trade deficits, big growth in money supply, and Bernanke spewing out dollar bills on Wall Street. The Fed's lies about...

I would stay away from MF Global, just by looking at the price action of their stock, it looks like there could be possible problems down the road if the financial markets get worse.

Here one minute, gone the next. Such fickle shoppers. Paying up 4% one day, unwilling to buy down 4% the next day. Are stocks Giffin goods? The higher they are priced, the higher the demand? Did that idiot Cramer call the bottom yesterday? Are we going to get an emergency rate cut...

Quant funds use relationships between various indices, historical results, and quantitative formulas on valuation as well as other esoteric variables which are proprietary. In effect, they are buying on sharp quick weakness in equity markets as that's what's tested out the best in the past...

The financial markets are fascinating because they are constantly changing. The reason you have capitulation is because of human emotion and fear, the fear that the market will keep going lower and crash, wiping out your investment dollars that took several years to gain. In years like...

You are right, there is more to life than trading and money. Human beings are social animals. If you like trading and make good money, there is no point in making less money at a job you hate just to have more social contact. Trading takes up what, 35-40 hours a week? There are 168 hours...