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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Jopps who wrote (39085)	10/17/2012 2:55:41 PM
From: Keith Feral	1 Recommendation Respond to of 218673

Longer term, the price of Brent looks like it's ready to drop from $113 to $92 according to the futures prices over the next several years. I expect the market to do a whole lot of nothing for the next few weeks, as the market digests earnings disappointments 1 by 1. IBM and INTC are 2 biggies today. IBM is still way too stretched to buy the dip, and INTC is just suffering from awful sentiment. But, there's got to be something working out there and the general weakness in oil and gas continues to decouple from the equity markets in general, as it should by this point. I think CVX and XOM will get a rude response to earnings this quarter.