- 24
- Jun
Free Stock Market Research Report by Jason Ng, the man behind The Star Trading System (one of the best option trading systems)
US market continues to sit on the fence as oil looks neither going up nor down… yet. Indeed. oil can be expected to shoot up some more if the efforts taken worldwide do not bring it down very soon. This is why the Star Trading System have been extremely non committal recently, with no good trade for days. However, such periods of dryness is common and should not be taken negatively. Its the system’s way of protecting you.
Oil seems to be the only thing that is moving stocks all over the world these days. As oil continues its threatening range trading above the $130 mark, investors are torn between speculating a breakdown in oil price due to deteriorating fundamentals or a breakout in accordance to its long term uptrend as the US stock market closed mixed near the unchanged mark. Today’s winner continues to be the energy sector while the techs and transport led the way down. Oil edged higher today within its tight trading range even as the US dollar gains on speculation that the Feds are going to hike rates on Wednesday (see economic calendar). Something is definitely brewing out there right now as the bad guys slowly take their profit out of oil while leaving the bill to the common oil traders. On the charts, today is a sideways day that changed nothing. Short to mid term trend continues to be downwards.
Star Option Trader’s Thought For The Day : “Rules Are The Chains Within Which One’s Emotions Must Be Contained”
