Daily Recap and Status – May 8, 2008

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 [...]

Crude Above $115 per Barrel, Short Oil Stocks?

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 [...]

PPI Up 1.1%, Crude Hits $113.90 – Life Must Be Good

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 [...]