I think it was just normal sector rotation. It's taken a healthy 15% pull back. I think the slide basically started Jan 1st and it's a little oversold and ready for turn in trend. It looks like the bottom has been tested 2 or 3 times. We shall see!
Good luck my friend, it looked like it bounced nicely out of the $53's. I think we have put in a bottom and it's only a matter of time before we get a nice little pop. Last week just looked like window dressing.
during the time of what i call the "NG" centered drillers, i was trading HAL and SLB options. (im able to trade those better)
i did buy a long term position in PXJ though around 19 though. (i may sell some if it reaches 22, but currently all the drillers i follow (and indexes) r overbought so i'm just waiting.)
and UNH is giving it to me hard core. no pitty.
i'm more annoyed that its dropping becuase healthcare costs are so
No way will bush be able to pass any more tax cuts.
I wish he could - but as it stands right now his current tax cuts are in dire jeopardy.
I wouldnt count on any kind of tax cut gettin passed, and if the dems get the seats in the midterms then I strongly expect the current tax breaks to disappear.