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Here is a weekly chart of USO. It still appears to be rangebound with a brick wall at $55.00. If it retests the lows this would be the third false breakout on a daily basis.

The hot areas are starting to see some action. Just like in the stock market the weak hands will be shaken out. I doubt that the current fed chairman will give us a depression style outcome. (warning do not click this link unless you have hours to kill.)...

starting to fill here!!

I wonder if this gap will get filled here. Opinions?

Speak for yourself, I personally enjoy "brainless coat hanger bimbos"!! :p

you could have bought the keltner breakout and did ok here.

LONG LOOKS GOOD!!

Keltner chart

Hope someone caught this, I know others did. This is a nice reversal in the emini contract. I also put in a chart of the keltner channels with the average true range set to 1 deviation. This can be used to scalp on the lower time frames. The MACD gets you in a little late but still not a bad trade.

"Time is more important than price; when time is up price will reverse" W.D.Gann

Even better, captain cheese monster is checking out her behind as they leave the restaurant. Classic!! Ah Wall street never changes, a good rack trumps a nerdy quant any day of the week! God bless America!!:D :D :D

Here is an article for you: http://news.yahoo.com/s/ap/20061212/ap_on_bi_go_ec_fi/economy oil priced in dollars, gold, euro, etc. may be affected.

This is a tough question. Globalization has made markets more correlated. gold/dollar, gold/euro, oil/dollar, etc. The canadian/jpy currency pair, for example, is correlated to oil as Canada is oil rich, and Japan has little oil and imports alot. The idea here is that cad/jpy will move up as...

At this point who cares if he made the money or not, I am nominating EL Prado for awesome takedown of the month, maybe even the year! This one is for you El Prado!! http://www.lookatentertainment.com/v/v-1902.htm

Item Media Price/Item Qty Item Total Shipping Total Power Trends & Power Trading Power Living Book DVD $0.00 1 $0.00 $6.95 Totals: $0.00 $6.95 What are you guys complaining about, where else can you get a book and dvd for $6.95? Shipping is probably $2,493.05 though. Sadly, this may...

Several reasons. You would need to have a futures account, understand margin, leverage, timeframe/direction issues, the absolute necessity of a sound trading plan including stops. Not that you don't need all that for equities but I think that the USO etf is a more direct way to participate in...

Here is a quick update on good old USO. Here is a weekly chart of the oil etf. It broke thru its resistance and closed above $55.00. Notice the weekly parabolic stop and reverse is sitting close by at $56.04 which is almost the exact 23.60% fibonacci retracement from the high. Looks like oil...

USO closed over its 50 period EMA today. One of the posters in the energy section may have caught the bottom. Looking for a selloff short term, but there is green light to go long here. You could use the current year low as a stop @ $50.25.

Nice call here, this would have caught about a four point move on the futures so far. It will be interesting to see what's next.

Barron's 1, Google 0 Since when does Barron's dictate the price of Google? maybe I should subscribe if they are that good, so much for that $1,200 per year dollar newsletter I subscribe to. eek: http://www.businessweek.com/ap/financialnews/D8LLM33G0.htm: