That is the Sugar papa likes....
Lets see more Sector rotation!!!!!
Thursday, May 22, 2008
Wednesday, May 21, 2008
Looking at things
Once we get some good upmoves going... I'm suspecting that we have had Wave 1 sell off of a down trend... and that we will get a wave 2 upmove.
we will see if there is a move to new highs.... but it's all going to trade off of oil.... if oil can correct down to 110 or something reasonable... we can get new highs... if it keeps going..... We are doomed.
some stock outlook
I'm going to clear my short hedges..... I'll wait and look for another leg down from here into the close....
Yep... Sell off is over.... IMHO
Wall Street stupidity
.... When did gas go to $3.50.... ? about the start of this slow down... late 2006.... The consumer hung on while the credit cards held out... about mid 2007... that was it..... Now gas after going to the low $3.00 is now back to $3.50... and is going to $4.00... With Credit, and with people manageing their budgets there is a lag...
but huge parts of the slow down are becuse of oil....
The crazy people who say oil has no effect... need a punch in the face.
People are buying smaller cars, getting rid of SUV's.... don't kid yourself that this isn't about oil... at least somewhat.
where was I
Sorry, but I've been extreemly busy...
Oil is Crazy!!!!
and has decided it will just crush the economy..... The move it's made since march the largest move I can see in the fxe in history.... I guess it is preportional..... Looks like it will just have to run out of buyers....
Where are we going to find support....?12500 or 12200?
this is the largest sell off since jan.
One of my computers started giving me grief.... Trading this and getting that system back up.. has taken every bit of my time for days......
Tuesday, May 20, 2008
Distracted
..... I have a computer I'm sitting here and it's taking up my cognitive Excess... er.... Regress... I can never differentiate...... But I digress.... Poet Know it.....
So.... Melissa showed up yesterday and called the Melissa move.... as she does..... I'm having a hard time throwing out charts... but ... I think we finally got the final correction before the topping move...
But if oil cracks all bets are off. If we can get $80 oil... this is over near term... and we go back to old highs.
Oil.... I have a hard time getting a proper chart... and I killed my oil trade.... as marginal as it was I just couldn't take it any longer....
There is a disconnect between Brent and Sweet Crude... it just shows more of the disconnect in that market.... it is coming back.... I swear...
Saturday, May 17, 2008
Sad
I find it rediculous that on saturday afternoon, I'm running stock screens....
I worked on the yard yesterday...
probably will tonight too.
Interesting Transports
I'm not saying they are good investments, but here are a few things That look interesting.
- TMM Grupo TMM, S.A.B. (ADR)- Mexican Ports and shipping... I think I'm interested under 1.3
- TOO Teekay Offshore Partners L.P. is an international provider of marine transportation and storage services to the offshore oil industry.
- RURL Rural/Metro- Ambulances... Aparently they have now decided to make a profit.
- OSP OSG America L.P. - Petrol Barges
2:30 am
I'm running some screens, Seemed with a Neutral day.... I'd dig through transports and Regionals again..... maybe even Coal.
Obviously my Thesis on materials holding the market up.... IE Inflation makes the market go up.... Continues to Work.....(fucking Oil).
The Stagflation Trade is the magic... and when you pull from the 1974 book... one of the anomalies IMHO will be that the fed will not raise rates.... Hell, Federal Reserve Bank of Atlanta Dennis Lockhart, was talking another .25 or .5... and we will get bad data in the next 6 months. They will fold and we will see 1.5%... Because Oil and Materials prices be damned... they don't realize they are doing more damage than good.
Friday, May 16, 2008
Regions Financial
Those assholes at Merrill have a sell on RF ...
as soon as these assholes put a sell on something at a 52 week high... I'll give a crap... Just saying I"m working the other side of this.
Charts Charts Charts
White girl in white in india..... She should wear more white.
Nice... maybe oil can hit 130 today.....
alright..... my life is just this series of charts... they seem to be everywhere....
Knife
...... Let me see if I can knife some people in the premarket and roll out of this a bit...
remind me to only day trade.......
Thoughts
One could think that with the combination of materials and the rest of the market, This rally would turn when materials turn..... If materials turn....
so if my thesis is that the market is going up materials or oil won't turn till the market turns....
hmmmm.
I have this nasty habit.... I get up way too early, then I eat, then I nap, then I get up and the market opens.
Oil!!!!
Rockefeller once explained the secret of success. 'Get up early, work late - and strike oil.'
Joey Adams
Well, the common enemy in North America is the Western consumer. The consumer has driven oil up to $50 a barrel so we have to have these wars. I think it's incumbent upon us to.
Dan Aykroyd
About 60 percent of the oil consumed daily by Americans is used for transportation, and about 45 percent is used for passenger cars and light trucks.
Sherwood Boehlert
Having yet another vote on refinery legislation that uses high oil prices as an excuse to weaken environmental protections and to give more legislative gifts to the oil industry is misguided in the extreme.
Sherwood Boehlert
Cycles of shortage and surplus characterize the entire history of oil.
Daniel Yergin
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