I added to my oil shorts because I expect oil to drop several dollars in the next few days. I am already well in the money in thsi trade but I think oil can reach 70 dollars in a few trading sessions. If the middle east has a liquidity problem where will it find its needs? Selling oil.
I am also long USD against the Euro and the Yen, short Gold and short the S&P`s. These couple of days will be days to remember as my Red Ship is loaded. Fully loaded as a matter of fact.
The liquidity run has reversed. Dollar is king again even if its only for a coouple of days.
If you want to chill out a bit while you wait for tomorrow`s profits to begin to come in, go to Jose Gonzalez`s myspace. My favourite artist. Listen to the track "Down The Line", which means "there`s trouble down the line". And its not mine.
Oil Trader`s Blog is a trading community for active online futures and stock traders. We provide our real time trading decisions and our market analysis on this website.
Stock Picks In The United States
10 hours ago

