Geopolitical Uncertainty Trade Kicking In

Posted by UpsideTrader
on December 29th, 2008

Oil and gold are rallying from tensions in the mid east, while at the same time oil companies are bidding for storage capacity, not a long term bullish sign for the Texas Tea.

It should be a fairly thin week, I think most of the year end portfolio maneuvering is finished but there may still be some jockeying for position as we approach the New Year.

ROH is getting spanked off the DOW news and the arbs are getting massacred there. DOW will be one to keep an eye on going forward.

This will be a week of extreme preparations for me as I put together some thoughts for the new year and my trading will be very light, unless of course the market can catch some volatility. By the way I did a post last night on TG’s blog if you missed it. Have a great day.

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