Tuesday, June 10, 2008

From my readings

Oil reversed bullishly for stocks as the powers that be seem to be ganging up to help the greenback. This is one scenario that people can really buy into 1000% because it's so politically motivated. We need the dollar to rally and oil and gold to collapse or we might be in a disasterous position. The Group of 7 (kind of like the Chicago 7, but with economics degrees)meets at the end of the week and some believe they will do what they have to do to get some substantial upside momentum in the dollar. Oil and commodities should get crushed and that could set the stage for a rally. This is part of the thinking of many from my readings.

Oil and Gold

Both getting serious selling on talks by Paulson of an aggressive strong dollar push. Commodities have been riding the weak dollar story into their fundamentals.
Expect commodities to fall if the dollar show some strength

NOISE

Market very noisy today- Don't trade it, too many mixed signals.

Trade Call :

Trade call will be made today after market open.

Will it be one more winner.

YES!!!!!!!!!!!!!!!

Open Plays

Open plays are now on the main page of the blog so everyone can follow easier. All trade calls will be added there.