5% - 10% profit per day trading

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for crude oil both are bullish factors that why it is raging

a) strong equity market bullish for oil
b) week dollar bullish for oil


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Gold pulled between these bull and bear factors , so exited with mid level profit ..

a) strong equity market bearish for gold
b) week dollar bullish for gold
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http://www.marketwatch.com/

Stocks gain on
a) better-than-expected home sales,
b) results from Ford
c) and Microsoft upgrade.

Details of bank stress-tests due later.

Stocks maintain surge up amid home sales data

NEW YORK (MarketWatch) -- U.S. stocks held strong gains on Friday after data on the troubled housing market. "The tone of the entire report is a little better than expected," said analysts at Action Economics




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1) Ford posts $1.4 billion 1Q loss, burns less cash- AP

Ford Motor Co. reported a first-quarter loss of $1.4 billion Friday and said it burned through less of its cash, emphasizing that it doesn't expect to seek any of the government assistance that is keeping the rest of the Detroit Three alive.


2) Ford, Microsoft provide a lift

3) American Express, too, following well-received results. Futures point to a higher open on Wall Street.

4) Also on Friday's agenda: bank stress-test methodology details due this afternoon.
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Quote from InvestVision:

for crude oil both are bullish factors that why it is raging

a) strong equity market bullish for oil
b) week dollar bullish for oil
More...

another small bull factor for oil today

Americans drive 2.7% more miles in February

Lower gas prices lure more back to the road, with summer looming


NEW YORK (MarketWatch) -- American drove 2.7% more miles per day on average in February, the highest level since last October in a hopeful sign in the hard-hit gasoline business.

"This is a positive for refiners and represents the highest...gain since January, 2006," said Jacques Rousseau, an analyst for

Although gross domestic product continues to contract and fewer people drive to work in the face of higher unemployment, cheaper gas appears to be luring more drivers to the road.
Wall Street took it as a positive sign for the summer driving season, with gasoline prices expected to remain not far above $2, a bit more than half of their record level of $4.11 a gallon last July 17. Read more on the predictions for summer gas prices.
 
maybe it's a friday and i'm too laid back, but the market is going wild and i don't want to gamble. i will try a short before market close though, if we reach the high again.
 
0737 GMT [Dow Jones] Crude oil is lower amid concerns the swine flu outbreak could have a
widespread negative impact on global economic activity, and therefore oil demand. "This is
important. The 1997 Hong Kong 'bird flu' (H5N1) outbreak and the 2002-03 Chinese SARS outbreak
dampened economic activity dramatically," says Stephen Schork of The Schork report. "As such, a
North American economy already reeling could hardly stomach, as it were, a deadly pandemic."
ICE June Brent -$1.65 at $50.02/bbl, Nymex June light, sweet -$1.79 at $49.76/bbl.
 
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