Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Toddo on TV: Crude is Churning


Markets, movers and more.

What do you get when you cross a hawk and a dove? A freaky looking critter that can't catch worms and hates black magic hats. The Federal Open Market Committee tried to create a hybrid in Federal Reserve Chairman Ben Bernanke's basement. Toddo wonders, "How long will the market view this as 'the best of both worlds' rather than 'we're stuck in a tough spot.'"

In a volatile oil market, some perspective from Minyanville's Sheriff Harrison. Is a $5 move significant when oil is hovering around $135 per barrel? It would have represented 10% at the beginning of last year. Now it's barely 4%. Crude has traded sideways between $130-140 the last month. Sideways movement under resistance is a bearish churn. The same movement above support is a bullish base.

Now watch this! Toddo's eyeballing the dollar, the Countrywide (CFC) lawsuit and at least one thousand other things on his sixteen monitors.

In the much-anticipated Buzz & Banter segment, Todd talks American Express (AXP) - and the far-reaching implications of this statement by its CEO: "Business conditions continue to weaken in the U.S. and so far this month we have seen credit indicators deteriorate beyond our expectations.'' Indeed, the credit conundrum is moving up the food chain, from green to gold to platinum to black.

Position in USO

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos