Crude Oil is the culprit this morning. The expanded inventory report on Crude Oil has knocked the price down to $46 a barrel. This is the rationale for the Dow backing off from trading higher earlier. But there is not yet any indication that the sellers have taken control. The indexes continue to trade above the T-line without any decisive sell signals. Continue to stay long.
June 7th Daily Market Comments
Crude Oil is the culprit this morning. The expanded inventory report on Crude Oil has knocked the price down to $46 a barrel. This is the rationale for the Dow backing off from trading higher earlier. But there is not yet any indication that the sellers have taken control. The indexes continue to trade above the T-line without any decisive sell signals. Continue to stay long.