We advised to buy crude near $40 in yesterday’s blog; todays low $40.18…did you buy? RBOB and natural gas remain our favored plays in this sector. We have options strategies in April and June RBOB; contact us. Get long March natural gas with stops below recent lows. Gold and silver were up 2%, this is [...]
Crude was up 4% on the day, up 5 of the last 6 sessions, gaining $13. Are the lows in? Time will tell, we are looking for a test of $51/52 very soon. Fairly impressive today considering the action in the dollar. The US dollar broke above the 100 day moving average and should be [...]
Unless the NFP number exceeds 400,000 or uneployment is over 7.0% we expect a classic case of buy the rumor sell the fact. We are not advocating buying equities but much of the bad news may already be factored in. It appears the three stooges testifying in front of congress have not convinced them to [...]
