Nov 29, 2010

Oil, Stocks, Seasonality.

I am finally back full time to my trading desk. I had a few business commitments over the last couple of weeks, so I was away from my computer(s) most of the time. Its great to be back.

Stocks will open lower today. Today`s seasonality is pretty bad so this weakness was to be expected. Nymex Oil Futures are the standout on my trading platform. Oil is trading up going against major dollar strength. As I wrote last week, war is always bullish for oil and the Koreas tension is keeping oil well bid.

I will try to get into the rhythm again here on the blog. I could not blog much for over 3 weeks.

Related: United States Oil Fund LP (ETF) (Public, NYSE:USO), iPath S&P GSCI Crude Oil Total Return (Public, NYSE:OIL) , ProShares UltraShort DJ-UBS Crude Oi ETF (Public, NYSE:SCO) , ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS) , ProShares UltraShort QQQ (ETF) (Public, NYSE:QID)

TraderHMS offers a full trading subscription service. But there`s much more to life then trading. That is why this blog covers everything HMS loves outside of the markets: good music, art, cars, traveling and sports.