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Strategies & Market Trends : 50% Gains Investing

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From: Keith Feral	1/21/2010 12:21:49 PM
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Market is getting oversold in here on negative reactions to earnings and legislation. Leaving the politics out of the equation, which is only FUD anyways, I think the shakeout today gives people a chance to start buying the dip again. USO is back to the 150 DMA right here, which looks kind of interesting spot to get long. XOM looks dirt cheap at 11 times earnings with a decent yield to back it up. Now that the news conference is out of the way, it's gonna take months if not longer to get any kind of deal worked out to make any kind of regulatory policy out of today's banking proposal. 10 year Treasury yields are getting too low again near 3.62. Both crude and Treasury yields are down 7 out of the past 8 days. I wouldn't be suprised to see some offensive profit taking in Treasuries where the yield has pulled back from 3.84 to 3.64 since the beginning of the month.

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