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More Energy Sector Earnings - Devon Energy (DVN) and Transocean (RIG)

Trader Mark (May 7th, 2008) Writes:
I don't own these 2 names directly but do own peers, and these are bellweathers for their sectors so I thought I'd post them. One thing to note today - despite great numbers, the stocks are not reacting. Hence, we could be prone for a pullback shortly in these names. When stocks do not react to great news, that is a potential change in character, just like when stocks shake off bad news and go up. The charts in "commodities" despite some pullback, are still quite overextended and yesterday's call of Goldman $150-$200 oil [Goldman Sachs: Gasoline Not Driving Oil Price - Oil Going to $150-$200] would be the perfect catalyst to mark a near term top... Despite my Kool Aid infusion I am still quite bearish and I view this period akin to Sep/Oct 2007 when we partook in the foolishness to make money but ...

Bookkeeping: Adding to Fertilizers & Mulling the “Market as a Commodity”

Trader Mark (May 6th, 2008) Writes:
Looks like the "fertilizer correction" is over. Adding to all 3 of my names on their bounces off support; actually like the Potash (POT) chart the best here, but they all move together. I love this market. Uncle Ben has apparently created so much money, but none of it goes to people who need it out on Main Street. Instead it is flooding Wall Street pushing up equities (along with commodities) :) Kind of perverted but we all thank Uncle Ben as investors, as we curse him at the grocery aisle. $122 oil? No problem. That only affects US consumers - stocks are independent of the "little people". (X amount of stock) versus (Y amount of money supply x 20% annual growth rate) = prices go up. Economics 101. Equities are simply another commodity at this point, it appears. Every other commodity is going ballistic ...

Trade-Ideas in Your Town: What Smaller Events Can Teach You

David Aferiat (February 7th, 2008) Writes:
You have 2 opportunities (one in San Diego and the other in Phoenix) to get some great education and learn not only about how to use Trade-Ideas more effectively with your trading plan, but you'll also have the opportunity to see how our latest tool, the Automated Trading Bot, automates a trading plan with OptionsXpress.February 23, 2008 9:00 am - 4:15 pm Hilton San Diego Mission Valley (619) 543-9000 901 Camino Del Rio South, San Diego CA 92108 (FREE workshop)March 14-16, 2008 Arizona Grand Resort (888) 216-48377777 South Pointe Parkway, Phoenix AZ 85044 (fee to attend)Smaller, Frequent Broker Events Offer More Education than the Big Tent Expos: A Trend That Will Stick?You and I, dear reader, are in the middle of some interesting, exciting trends affecting ongoing education, good technology and good partnerships. We are ...

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