Some early morning homework before the market opens.
I’ll be personally looking forward to trading some beaten oil stocks early in the week but, I will likely sell down my longs if crude oil can not break and hold above $90 a barrel.
From the article:
“The 95 percent drop in output from Alaska is bullish, energy consultant The Schork Report said. “Such high levels of uncertainty will have traders scrambling.”
The jump in crude prices will likely be temporary unless the pipeline is down for an extended period, The Schork Report said.
- When an unemployment rate drop isn’t really that beneficial
One key point in the article:
Nearly 400,000 unemployed people stopped looking for work in the most recent month, because they felt no jobs were available.
