The comoodz are having a nice short covering rally here and their charts are looking bullish at this immediate moment in time. I was short then long the group and then got short when I should have stayed long. I was stopped on APA and I am border line right now on my ECA and NBL short. As of this moment the group lookds like it wants to continue higher.
The dollar is strong and the inventory number was not "that" bullish which could set the stage for a fade later, but right now the group is very strong and the financials are now trying to come on here too.
Wednesday, September 10, 2008
Commodities Getting A Bounce
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
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