I have heard inventories are coming today. Yesterday's news about inflation has to abate
for Oil to truly get back to its old self a bullish inventory report might do this. Oil has traded as high as 71.32 and as low as 69.6 early this morning. Mortgage numbers are down 15.8%
which is obviously not good news and what helped cause the pullback early this morning. I really don't think wall street is going to like the "slap on the wrist" that Obama is doling out visa vie his new regulations it may in the long run be a good thing so far not so good on that one. I may go across the board and lighten my secondary account this morning at least what I added yesterday just to keep risk in check. Now the FED-EX number spread a further penumbral shroud. As far as the overnight play goes I stayed up until I saw 70.9 moved stopped a quarter away which obviously got hit. It was a winner but not the home run we were hoping to see but not much looks good right now member pricing out shortly.
I will trade until 12 today check in with me via email near entry points as I will be monitoring news very closely until then.
and drop an email chrgr06@yahoo.com to schedule
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