All traders must operate using assumptions. For example, if my analysis tells me that USD is going lower I might go long commodities. I’m making an assumption that the inverse correlation of lower USD equaling higher commodity prices will continue.
One assumption I’m willing to make in 2010 is that the 2009 March low is the [...]
XOM is down 4.26% in reaction to its acquisition of XTO. The stock is trading down to its 200 day SMA and I like the idea of buying a position here. It is similar to XLU and SO in that I believe it is a good retirement account position. The stock is at $69.7 [...]
Tonight’s post is short. The casino stocks look interesting.
XOM is forming a giant symmetrical triangle. How it resolves will certainly have a major impact on XLE and DIA. This is one to keep an eye on.
I will start off today’s Sunday Night Coffee post by getting a handle on the broader indexes and I will get more narrow in scope from there. I’ll be discussing the major indexes, the dollar, yen, some long ideas, the European banks, Las Vegas and my general trading plan for the week.
The first chart is [...]