U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.2 million barrels from the previous week. At 329.7 million barrels, U.S. crude oil inventories are in the upper limit of the average range for this time of year. Total motor gasoline...
Are you short?
Was trading QM again, for some reason. But I'm off it. Not enough leverage = not enough profit for the work involved. It can work to leverage into things, but I'd rather just trade this straight up.
We'll see what we get in a few with the EIA number.
ISM number in 1 min
52.6 a bit lower than expected http://www.briefing.com/investor/calendars/economic/2012/01/02-06/
http://www.marketwatch.com/story/december-ism-services-rises-but-misses-forecast-2012-01-05?link=MW_home_latest_news
Not related to this forum but interesting. Poor Kodak is down to nothing. From one of the best blue chip stocks for decades.
http://www.marketwatch.com/story/kodak-shares-fall-on-report-of-bankruptcy-prep-2012-01-04?link=MW_home_latest_news
I was born in Rochester, NY, and many of my...
A lot of things going on here. New money, etc. Also auto sales were up. Chrysler's jumped 37%. http://www.marketwatch.com/story/chrysler-sales-soar-market-share-rises-2012-01-04?link=MW_home_latest_news
CL seems challenged by 103 now. I was going to short 102.85 but it started to climb again...
Yes he is. Personal wealth down to $1 billion. :) http://en.wikipedia.org/wiki/Marc_Rich
Plus, I'm trying to get in touch with my trading guru, commodities trader supreme, Hillary Clinton, to get her thoughts here. :)
May be the factory orders number kicking in. Seems that the up ticks in general may be new money, but then the realities of what's actually up kick in.
Not sure why this waited til :39 after the hour to take off. The volume spike that risk pointed out may be some hedge fund jumping in big time. Maybe it was the Iranian govt. Wasn't me. :)
I guess it was about the Middle East still. What could it be? The EIA report is tomorrow.
Market is bullish here in general. Seems to be blowing off the European stuff. Guess people are optimistic and want to put their money to work in the new year.