Today's Key Market News - A Bead on Oil
Please find the published copy of "The Greek's Week Ahead - A Different Tone to Trading" just below this article on the site. Today's trading is being defined by company specific disappointments and the continued slide in oil prices. We made a definitive decision recently, expecting oil to slide in the short term. Please recall, we also advised of the bottom price of oil early this year, and we were correct to the pinpoint of the hour as to where oil bottomed.
Read through these two articles on January 18th and January 19th, and then review the Department of Energy's historical price page, and you will see we issued a clear buy recommendation for oil prices the morning the spot price bottomed. We recommended buying oil that day, before the commodity had started trading and we told you exactly when to buy, after the inventory report. We couldn't have been more correct. The price of oil has not looked back. WTI Crude spot prices bottomed at $50.51 that day, the low for this year. We reiterated our call the following morning, and in that article, you also got some prescient information about the threat of food inflation. Needless to say, we see a short term move in oil lower now, but we are clear to note "short term." As you know, we fully anticipate a messy war involving Iran and much of the Middle East to support prices higher down the road.
Please catch today's key market-moving headlines below, and find these in our sidebar section "Headline News" daily.
ICSC Weekly Same-Store Sales -0.2% week/week, +3.0% year/year
CNBC: Oil Falls and The Greek Called It
Bloomberg: DuPont, Others Driving Market Lower
Yahoo! Earnings Calendar
AP/Yahoo!: Pepsico Profit up 13%
AP/Yahoo!: McDonald's Posts Loss
AP/Yahoo!: AT&T Posts Sharp EPS Rise
AP/Yahoo!: Lockheed Posts Gain
AP/Yahoo!: JetBlue Posts 50% Gain
AP/Yahoo!: Lilly's Profit Drift
Bloomberg: Dollar Drops to Record
CNN Money: Bancrofts Promise Decision by Friday
CNN: YouTube's Presidential Debate
BBC: Blair and Hope
Economist: The Geopolitical Week Ahead
Financial Times: U.S., Iran Talking Again
Iran Daily: Tales from the Dark Side
We hope you will continue to support our advertisers and tell your friends about the Wall Street Greek. (disclosure)
Read through these two articles on January 18th and January 19th, and then review the Department of Energy's historical price page, and you will see we issued a clear buy recommendation for oil prices the morning the spot price bottomed. We recommended buying oil that day, before the commodity had started trading and we told you exactly when to buy, after the inventory report. We couldn't have been more correct. The price of oil has not looked back. WTI Crude spot prices bottomed at $50.51 that day, the low for this year. We reiterated our call the following morning, and in that article, you also got some prescient information about the threat of food inflation. Needless to say, we see a short term move in oil lower now, but we are clear to note "short term." As you know, we fully anticipate a messy war involving Iran and much of the Middle East to support prices higher down the road.
Please catch today's key market-moving headlines below, and find these in our sidebar section "Headline News" daily.
ICSC Weekly Same-Store Sales -0.2% week/week, +3.0% year/year
CNBC: Oil Falls and The Greek Called It
Bloomberg: DuPont, Others Driving Market Lower
Yahoo! Earnings Calendar
AP/Yahoo!: Pepsico Profit up 13%
AP/Yahoo!: McDonald's Posts Loss
AP/Yahoo!: AT&T Posts Sharp EPS Rise
AP/Yahoo!: Lockheed Posts Gain
AP/Yahoo!: JetBlue Posts 50% Gain
AP/Yahoo!: Lilly's Profit Drift
Bloomberg: Dollar Drops to Record
CNN Money: Bancrofts Promise Decision by Friday
CNN: YouTube's Presidential Debate
BBC: Blair and Hope
Economist: The Geopolitical Week Ahead
Financial Times: U.S., Iran Talking Again
Iran Daily: Tales from the Dark Side
We hope you will continue to support our advertisers and tell your friends about the Wall Street Greek. (disclosure)
posted by The Greek | 10:11 AM
0 Comments:
Post a Comment
<< Home