Oil is up across the pond to $97.30 from $95.80Big volume which is unusual for this time of night something is going on and its leading me to believe that US will join the party pushing it up to $100+ because they can run it up and then sell it off Wednesday after the FED's at 2pm and 2:30pm but first is Durable Good Orders at 8:30am. It'll be an interesting week to say the least because of all the headwinds with the Global Economies hurting and the US coming out and warning of a major slowdown we can be sure that higher Oil won't last till years end. "Good news is bad and Bad news is good" let's trade! There are a lot of investors holding shares of companies at a premium waiting for the SP to rise so that they can get their money out.
The other thing is it's Q2 time for the TSX and DOW so companies are reporting record revenues because Q2 economy wasn't all that bad but this will be short-lived because Q3 won't be favorable and the markets will continue to sell off after this market phenomenon is over. GLTA JMHO (always DD)