By Sell Puts
An interesting anomaly has happened this morning, USO is up along with UUP. Normally if you remember the past few weeks oil has been down when the dollar is up and vise versa, today was different. I am thinking today will be another flat day, probably will close green through, as the window dressing trade is coming closer and closer. Solars had a decent attempt to close the opening gap down but completely fell off trend when the natural gas inventories came out. If you played this technical entry signal you would have made great trade.
Bernake is getting grilled currently
Initial jobless claims were up
UNG is popping a bit here
Trade idea*
19bil$ set aside for highway funding. Concrete companies and or companies directly connected to the contracts will surely benefit.
Drumbeat: June 2, 2012
5 hours ago
