counter_violent
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Pat494 said:
There are too many roundabouts and tatty grass verges in Warrington . A truly awful place :!:
fudgestain
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My lumpen-proletariat friends.
Monday (22nd).
Dow.
Play the up leg.
Monday (22nd).
Dow.
Play the up leg.
Racer
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counter_violent
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kriesau said:
well.. the market was not able to breakout in the past few sessions and gave up the gains towards the
end of each session... if it had wanted to go up - it would have by now! - I'll be adding to shorts when the futures get really pumped... then ready to dump towards the end!
end of each session... if it had wanted to go up - it would have by now! - I'll be adding to shorts when the futures get really pumped... then ready to dump towards the end!
my thoughts exactly. Will be interested to see if PFE and MRK have any lingering effects on the dow. However a lot of commentary has predicted a move after the option expiration was out of the way. Monday could get very messy but volume wont confirm until after labour day I guess. As a swing trader looking to bag 250+ points plus it is difficult. I try not to do much intraday stuff but recently I have in these tight markets.
Impact of escalating oil prices
Interesting comment in The Times today
"A report by ABN Amro shows a sharp divergence in the long term effect of higher oil prices around the world........Todays high oil prices would have a different effect (compared to 1973) because the shortage of oil today comes from high demand rather than a cut in supply. This means that demand for non oil related products remains high and oil-producing countries which reap the windfall og higher prices are likely to import more products and boost export countries growth rates.
EU exports to OPEC states have risen from an average of $50bn a year in the 90's to a projected $110bn this year. China has also seen its exports to OPEC soar. No such increase has taken place in American exports to OPEC which remain at a rate of roughly $30bn a year despite their massive rise in imports from OPEC countries.......ABN Amro said that the burden on EU and Chinese countries from higher oil prices appears to have been entirely offset by stronger imports. In contrast, the trade position between the US & Japan with OPEC has deteriorated significantly in recent years despite the decline of the dollar during that time".
This suggests that the major EU economies will be largely insulated from the increasing oil price wheras the US will continue to be adversly impacted primarily through further increases in its trade deficit and by the inflationary effect on domestic energy prices.
Interesting comment in The Times today
"A report by ABN Amro shows a sharp divergence in the long term effect of higher oil prices around the world........Todays high oil prices would have a different effect (compared to 1973) because the shortage of oil today comes from high demand rather than a cut in supply. This means that demand for non oil related products remains high and oil-producing countries which reap the windfall og higher prices are likely to import more products and boost export countries growth rates.
EU exports to OPEC states have risen from an average of $50bn a year in the 90's to a projected $110bn this year. China has also seen its exports to OPEC soar. No such increase has taken place in American exports to OPEC which remain at a rate of roughly $30bn a year despite their massive rise in imports from OPEC countries.......ABN Amro said that the burden on EU and Chinese countries from higher oil prices appears to have been entirely offset by stronger imports. In contrast, the trade position between the US & Japan with OPEC has deteriorated significantly in recent years despite the decline of the dollar during that time".
This suggests that the major EU economies will be largely insulated from the increasing oil price wheras the US will continue to be adversly impacted primarily through further increases in its trade deficit and by the inflationary effect on domestic energy prices.
