Crude Crumbling

Crude Crumbling

$USO under heavy pressure this afternoon after a promising start.  Crude opened above Friday’s high and remained in the green for the bulk of the day.  A late sell off has pushed $USO to new November lows as the current losing streak stretches to a record 11...
$DIA Chart

$DIA Chart

As the new week begins stocks continue Friday’s retreat.  The $DIA is off just over 250pts. and is trading below Wednesday’s low.  The $DIA opened that session with a powerful upside gap before finishing with a 555pt. gain.  The index will soon fill the...
The Midterm Aftermath

The Midterm Aftermath

Great stuff here from Bloomberg’s Dave Wilson:  U S. stocks may have only started rebounding from a slump last month, if the history of midterm election years is any guide. Since 1950, the S&P 500 Index has risen by an average of 10.7 percent from its...