Thursday, August 20, 2009

ECO power/wrap up


07:30EURGerman PMI Manufacturing Aug P4745.7
07:30EURGerman PMI Services Aug P48.648.1
08:00EUREurozone PMI Manufacturing Aug P47.546.3
08:00EUREurozone PMI Services Aug P46.545.7
14:00USDExisting Home Sales Jul5.00M4.89M
14:00USDBernanke Speaks at Kansas City Fed's Jackson Hole Conference----
Rimm good very very good hope you all bought ou all knew i did i shouldnt have to say more than that Natty bad very bad my apologies dead wrong on that one CFTC changes the game but part of the game got to admit I screwed the pooch so to speak even Oil nonevent We are at the nymex close tight range no one has a feel for the direction yet the fundamentals in oil are skewed but you have to sell at the top of ranges mostly and buy at the bottom we are near the topovernight if you are up at 2 germ manu data will move oil but home sales will later the tone back home they will be interested in bernanke looking for hints if he is gonna raise rates everyone thinks he willif he surprises and says it is time to halt the ease then sell off is close