oil and gas

Recently, oil and commodities dropped 20 to 25% in four very fast weeks, catching nearly everyone off guard. But as fast as the drop took place, we start to see signs of a reversal back up. (…)

Exxon reported nearly $12 billion in profits for the previous quarter recently. $12 billion! More net profits in one quarter, than ever recorded in the history of mankind.
And what did the stock do? (…)

Nearly 20 years ago, when I worked in Chicago, I became friends with a gentleman named Joe Lopresti. Today, Joe is the President of Arlington Capital Management. (…)

We don't make predictions at Mullooly Asset Management. And we rarely hold anyone else's predictions as credible. So keep that in mind with this post. (…)

 Looking at relative strength changes really helps to drive home underlying themes in the market. (…)

Alaska Governor Sarah Palin is the youngest governor in Alaskan history — and — the first woman governor of Alaska. (…)

Have you seen the Bruce Willis movie, "Die Hard"?
When the police officer starts to drive away, Willis sends him a message…throwing one of the bad guys on the hood of the car. (…)

The market averages seem to be starting summer early. We saw a broad-based sell-off this past week, after several weeks of positive movement. (…)

The US government has been subsidizing the research, development
and use of ethanol.  This is being done in an effort to provide an
alternative solution to importing costly oil and gas for use here
in the United States. 
Some day, ethanol might be a great alternative.  However, it is
having a "ripple effect" in the economy.  This is from the Daily
Herald, a paper in suburban Chicago, on March 11, 2007:
     The Department of Agriculture said recently that strong
     demand for corn from ethanol plants is driving up the
     cost of livestock and will raise prices for beef, pork
     and chicken.  Meat and poultry production will fall as
     producers face higher feed costs, the department said in
     its monthly crop report. (…)

As I am writing this, the Dow Jones is down nearly 180 points.
Sounds like a lot, right? That's about 1.5%
By comparison, October 19, 1987 the market dropped 22% in one day. (…)

Do you know what a "trend change" is?  When a stock (or a mutual fund) has been above its' support line, it's in a positive (or upward) trend. (…)