Archive for Crude
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The action today was anemic. Now I understand what folks like Dinosaur Trader and others complain about when the markets behave like today. It also didn’t help that oil reached a record $126.22ish at its high. Visa took another hit today, down another 4 points. It’s reaching my entry/exit target of ~$81. My feeling is […]
No trades taken yesterday due to other commitments. I was around in the morning and could have traded a perfect short on Visa but was unable to pull the trigger. I’ve noticed that happening more and more as of late which reminds me of my trading fears about 3 months ago after the markets crashed […]
Earlier this morning, crude oil finally rose above $115 a barrel (CLK8). With oil rising at a rapid pace once again, commodities are soon to follow. Some analysts such as the Option Addict feel commodities will push higher as it did about two months ago. In anticipation of a potential breakout, I’ve jumped into the […]
This morning, PPI and PPI Core numbers were released for the month of March. PPI came in at 1.1%, about 0.5% higher than estimates. PPI Core came in line with estimates at 0.2%. For a quick recap of PPI and PPI Core, here’s a link to the PPI homepage at the Department […]