February 22, 2005

Delicious Light Sweet Crude Oil

Oil bursted up over $50 a barrel for a new 3-month high and looks like a good buy.
A very weak day for the stock market and a great day for oil.
As I've said before, the trendline and the 200dma meet at the psychologically important round number 2000.

There were some substantial block trades on the QQQQ in the last hour of trading that should be noted.

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