Big symbolic day today!
Oil is up $4.58pb today to the $126.77pb level..
Gold is down on the session to $912.30po. Down $14.10po today.
Dow is up 186.13 today.
Once in a blue moon, you see what happened today. And you can bet it won't last for long. By that I mean, you won't see the energy field move up and the Dow move up in coordination.
If I had to pick one, I like Energy over the Dow in the long term. We might see the Dow turn around between 11700 and 12100 and head South.
After hours today we heard about Disney posting a profit of $1.28 billion, or 66 cents a share, up from $1.18 billion, or 57 cents a share, a year ago. The market was pleased. ESPN was the hidden gem for Disney(DIS)
Starbucks also reported after the close today. SBUX was down 2.1% to $14.67 after hours.
The fertilizers are on the move again also. This ties in with the energy. KOL seems to be working very well and the 55 Calls look like a slam dunk.
Tomorrows data looks like this---->
http://www.bloomberg.com/markets/ecalendar/index.html
This video is about water generating power.
Good Fortune from Trade Equity!!!
Wednesday, July 30, 2008
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