EUR Trade Index 18-Year Chart

Asad Crude is down 1.4% today so you could be right. Wed data shd be interesting

Gunjack,

Check the recent volumes and it's not difficult to see that oil near 83 is PURELY artificial - the volumes are SO low!

Second, w/ the USD looking to breach 77, oil STILL hasn't reacted the way it should have!

Third, having maintained the 100-w MA, oil should have made a solid start to the week (even if we discount the China growth figs).

It could be a collection of these variables, or any single one, that makes me believe that oil is heading lower. Still, I could be wrong (so don't hold it against me later). The earnings season could add some flavor to the commodity (albeit, I reckon it will be a sour one).

Let's see - let's see...


Asad

alcoa set to kick off quarterly results ..am i correct to think if they miss the street markets could sell off ..if the beat the street risk appitite continues an usd weakens?thanks

I remember Bob Pisani for years abusing gthe Gold bugs, always saying something to the effect of, "Nothing going on in the gold patch. Why waste money there when you can buy (overinflated-my word) U.S. stocks".

What he really was saying is, "My entire 401k and pension is in the parent company of CNBC, GE's stock-so please buy stocks to support my retirement.".

Isn;tit funny how Pisanio NEVER recognized or acknowledged the long basing pattern of Gold. Instead of explainiung to the masses that the longewr the basing pattern, the larger the breakout, he only encouraged people to p;ut money in equities.

@Gun: he's got six weeks to be correct, and needs to overcome time-value of the option if he is not deep-in-the-money already.

It is utterly startling to me that Vix is pre-Lehman. Just shows you how complacent everyone is. After all, US market has rallied 65% off its lows.

What I found very humerous, and posted earlier, is that Cramer came out today pounding his fist that stocks are "about" to take off! About? Isn't 65% classified as a take off? And he was crying every day on the air at 6700, pointing fingers and exhalting the masses to NOT invest in stocks. This guy Cramer is nothing more than a front-running white-collar criminal. i admit he is very entertaining at times, and only in small doses. He is nothing more than a shock-jock of stock guesssers.