Archive for July 28th, 2011

U.S. Petroleum Weekly – July 28, 2011

Demand weakened in recent weeks, crude oil stocks rose, distillates stocks rose.

U.S. Initial Jobless Claims At 398.000; Down 24.000

Initial jobless claims in the U.S. were reported at 398.000 vs. 425.000 consensus and last week revised (up 4.000) reading of 422.000.

Four week moving average declining.

Daily Reading – Thursday, July 28, 2011

*** Macro Man: Catching Dutch Disease ***
*** Calculated Risk: Fed’s Beige Book: “Pace of economic growth has moderated” ***
*** The Slope of Hope: NASDAQ False Breakout Unfolding ***
*** The Slope of Hope: Shorting GLD at Top of Wedge ***
*** The Slope of Hope: No Ship, Sherlock (Again) ***
*** The Big Picture: CFNAI — Toeing the Line ***
*** Kids Prefer Cheese: Educated Leaders, More Growth? ***


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