Oil is up and futures are down a bit. The G-8 did their thing and it seems to me it was more of a going through the motions type of exercise. There is a bunch of economic data this week and June oil rolls out on Friday, it's also options expiration. The Saudis said they will increase production but the amount seems meaningless. It's still a battle of bulls and bears.
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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