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HawkeyeNation [32]
09-Dec-07
The US market seems to be moving sideways, with the S&P not being able to break 1490. Oil seems to have stablized, so I sold USO and bought FXI. I think with no big rally in sight in the US, that the foreign markets are the way to be, which is why I bought FXI.
Tagged Stocks: FXI
Posted at 17:14 in Holding Rationales | Permalink | Comments ()
Sold USO, but sold too late, had a 6 point gain and I thought that oil would continue to raise, oil went down in price and USO followed, sold USO at a small loss and moved into FXI. A very volitle stock, but think that foreign stocks are the place to be right now. I think the market is continuing to hold up well, it seems to shake off negative news and bounce back well. Tomorrow I will be trading out of IXP and going into USO. I think that even though oil is running up, there is still more to go. EEB did not really rally today in the afternoon as the market did, but I think there is a lot of legs left in the BRIC markets. Well, the Fed comes thru with a .25 cut. Looks like the market will stay in bull mode. Oil continues it's run to 100. Market looks strong heading into the holidays. I look for a very strong finish to a good year on the street.
Posted at 17:12 in Market Report | Permalink | Comments ()
28-Oct-07
I see oil going to $100, still possible hurricanes, winter coming, watch USO go up as oil goes.....
Tagged Stocks: USO
Posted at 18:20 in Holding Rationales | Permalink | Comments ()
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