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Bookmark this on Delicious Investors can still have a good year, says Laszlo Birinyi, Birinyi Associates, who weighs in on why buying individual stocks is a good strategy, with James Tisch, Loews president/CEO.
Tuesday, September 13, 2011
Call Of The Bull
Subscribe in a reader Bookmark this on Delicious Investors can still have a good year, says Laszlo Birinyi, Birinyi Associates, who weighs in on why buying individual stocks is a good strategy, with James Tisch, Loews president/CEO.
Monday, September 12, 2011
Silver Breaking Down
Subscribe in a reader Bookmark this on Delicious Silver as noted in last weeks post was within an uptrend channel LINK
Today it has broken down under that channel as both gold and silver are being sold off today. ITZ is looking at $39 as near term support.
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Friday, September 9, 2011
UCO Stopped Out
Subscribe in a reader Bookmark this on Delicious Itz viz Twitter Alert was stopped out of Proshares Ultra Crude Oil $UCO this morning @ $34.40 for a 6.4% loss. Twitter Alert
Thursday, September 8, 2011
Near Term Crude Oil Outlook 9-8-11
Subscribe in a reader Bookmark this on Delicious Crude oil inventories fell 2.97 million barrels to 349.2 million last week, the American Petroleum Institute said.
Gasoline stockpiles fell 871,000 barrels to 209.9 million, the report showed.
Inventories at Cushing, Oklahoma the delivery point for futures traded on the New York Mercantile Exchange, declined 426,000 barrels to 32.7 million. LINK
The Energy Department is scheduled to release its inventory report tomorrow at 11 a.m EIA LINK
Click On Chart To Expand Image
Wednesday, September 7, 2011
Silver & Silver Wheaton (SLW)
Subscribe in a reader Bookmark this on Delicious Gold appears to be putting in a possible Double Top and pulling back into its +/-10% 200dma historical trading range. Thus pulling silver down with it...oil is rallying along with equity markets. Silver Wheaton hit resistance around $41 as ITZ highlighted several days ago, putting in a H&S pattern on daily chart, however in the 4 hour chart silver is testing the lower end of a channel.
Monday, September 5, 2011
ITZ Outlook For WTI Oil
Subscribe in a reader Bookmark this on Delicious Let's see who wins the battle?
Oil specs raise net longs by most since June: CFTC LINK
CFTC data: Investors opt positive exposure to all markets except sugar and cotton. LINK
Oil Prices: Sanders Says Speculators Keeping Crude Artificially High LINK
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Saturday, September 3, 2011
Friday, September 2, 2011
Proshares UCO Update
Subscribe in a reader Bookmark this on Delicious Proshares Ultra Crude Oil is down today off of the BLS Jobs Report. Yesterday it was trading above the $34.50 2nd half entry level ITZ suggested. The upside nearterm price target had been $39. ITZ is seeing similarities to June 3rd & July 11th. Could see a bounce here, although the Stochastics are over bought, RSI never ran upto 70, but the ADX is bearish now. CHART
We could see a pop in WTI oil on the president's upcoming jobs plan. Mostly ITZ may exit the UCO position and enter the inverse Proshare UltraShort Crude Oil SCO.
Still, it looks like a Bullish Ascending Triangle Pattern setting up...keeping a close watch on this. Stay tuned...
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