Wizetrade: Stock Trading News: Commodities Focus for May 13, 2008
Video:
My Review:
Dow is up 130 points. Maintaining above 1400 in the S&P. Crude oil is bouncing on the mid-term. It may be setting itself up for a swing trade. A nice new week is developing with a little bit of volatility. Wizetrade shows some good opportunities in the meat sector. Retail sales are at .5% today. This is good to see and is better than its expectations. Crude oil is up $.22. Gold has crossed over on the weekly chart. A lot right now is dependent on the dollars strength or weakness consistency. If the dollar continues to weaken, oil and gold will continue to rise in price. If the dollar rises, the opposite obviously holds true.
Permalink to this post: Wizetrade
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment