Blog Post

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.