Oil prices retreat US recession fears, slow growth in ChinaLooks like nothing happened today in trading, I was in Detroit since 5am so no trading today for me and it looks like I didn't miss much. My thoughts about today's trading which I posted weren't too far off I did think that Oil could trade between $81 and $82 which it did and I thought that $83 could have been hit today but it looks like it only made it up $82.70 it looks like stocks didn't respond to it very bullish and that's why I barely ever mention SP it's hard enough trying to figure out Oil. I leave all the posting about the companies to everyone else, I'm all about Oil, figure that out, and then you can position yourself early with Oil plays. I haven't read much of anything but my first impression of trading today is that unless Oil shoots up $2.50 in a day investors are wary about jumping in with worries about how long and high this bull run still has left to go and I agree you have to trade with caution. I can't say more because I haven't looked into all aspects of today's trading. People when I post something I'm trying to be as sincere as possible and I only gave SP a chance of 3-5% gains this week not being ridiculous so I'm no longer going to mention SP you guys can figure that out because I'll trade at any price if there's money to be made. Right now I want to see if Oil is rolling over after 2 weeks in the green and I'm thinking this looking at the Oil chart.
Bulls make money, Bears make money and Pigs get slaughtered. Oil prices retreat on US recession fears, slow growth in China (aa.com.tr)