Oil speculators have bailed in part because of a fear that there will be new rules that will change the game but where are they ultimately going to go.
This week as always in earnings season position yourself long before the strong companies post.
Goldman is up this week and they practically have a monopoly with the exiting Of Lehman and Bear and there was a great deal of underwriting this past quarter everyone expects the numbers to be sensational but the market has yet to fully react JPM also post they will help drive the market.
The systemic reversal will cause the dollar flight to safety to temporarily abate and should kick start OILb as well we are still in the bull market for oil this is a correction t6he only question left is when to climb on precisely for a trade at least with good names like JPM and GS up
we should see a decent long side opportunity.
As with Alcoa Us Steel was quick to close down and shrink and although the numbers from them won't be good they won't be that bad and that for this sector matters the prices are very low I am a buyer of X 29 I will have my long psition back in place the low in March was 17 that was preposterous -this like Oil was 140+ not so long ago.
and drop an email chrgr06@yahoo.com to schedule
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