Low volume trading environment continues. So the crystal ball predictions are not very reliable. The system suggests low range day with early strength sold and then a late rally.
If you had taken the short oil stock trade suggested by system some days ago, you should have profited handsomely yesterday.
When you see a headline like below in today's New York Times, you should immediately look at oil stocks and ethanol stocks. The price action in both set of stocks does not confirm that view.
If you had taken the short oil stock trade suggested by system some days ago, you should have profited handsomely yesterday.
When you see a headline like below in today's New York Times, you should immediately look at oil stocks and ethanol stocks. The price action in both set of stocks does not confirm that view.
Detroit Sees Cheap Gas as History
The Chrysler Group, which depends more heavily on sales of pickup trucks and sport utility vehicles than any other Detroit automaker, said Monday that it expected gasoline prices to remain at $3 to $4 a gallon for the rest of this decade.
The comments by Thomas W. LaSorda, ChryslerÂ’s chief executive, are the first time a Detroit automaker has issued a specific forecast on gas prices since they began climbing to $3 a gallon and higher.
Posts
No comments:
Post a Comment