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Toddo on TV: Out of Energy


Markets, movers and more.

We spoke on August 22 that a $3 billion commodity based hedge fund was in trouble and that came to pass last night. There's now chatter that, more hedge funds are in trouble and Toddo urges Minyans to take care in the last half hour of each session. It's critical as that's 1) when stock buybacks end and 2) when forced selling takes place.

Additionally, we're watching crude heading lower and psychology in the marketplace is doing the same. As the $110 level remains an important technical construct, trader's are more negative on energy than they've been in years, seemingly the opposite of what May brought us.

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