Stockmarket

If you haven’t noticed, $AAPH is up 20% in the past two days. Why’s that? Probably because The Dean said $AAPH is Ivy League and people all over the world of penny stocks expect this oil & gas pick to deliver.

Weekly market update and Exchange Traded Fund information from Wall Street Sector Selector

There had been disturbing news and reports emanating from the Niger Delta oil basin of Nigeria in recent times. On Monday March 15, 2010, a car bomb explosion was reported around Warri while two state governors and other dignitaries were visiting the area. From the photograph in one of the National Dailies, this was not Xmas firecracker explosion! The use of car bomb is a new dimension in the Niger Delta and indeed Nigeria and may be interpreted as an escalation of the level of violence. I am not too sure the correlation is that simple. Earlier in the last number of weeks, there have been reports of pipeline and oil facilities bombing in what appear to be sporadic but farther from the relative calm that had been established since the amnesty deal between the Federal government of Nigeria and the various militant groups in the Niger Delta were brokered. It is interesting that in all the recent violent activities, the Movement for the Emancipation of the Niger Delta (MEND) was always quick to claim responsibility for the attacks.
Full article at: Niger Delta

Weekly roundup of stocks moving in and out of the Magic Formula Investing screen.

Back in the days when US oil demand controlled the price of oil, a massive recession in the United States would have sent oil to 12.00 dollars a barrel. That era, which ended last decade, was defined by ongoing spare capacity in OPEC, low-cost oil in Non-OPEC, and nascent demand for oil in the developing world. That was then, and this is now. And so it’s rather quaint that the energy analysts from that previous era still gather each week on American financial TV, to discuss the inventories at Cushing, Oklahoma. Inventories at Cushing, Oklahoma? The US has been removing discretionary demand for oil for years, starting back in 2004. And current unemployment in California is at 13.2%–another new post-war high. Yet oil is at 82.00 dollars? Get these analysts off TV. Please. We need analysis of diesel demand in Guangdong, and Uttar Pradesh.
Full article at: Price of Oil

The individual investor bullish sentiment reading for the week ending 3/17/2010 fell 9.9 percentage points to 35.37%. Since January 13th, the less volatile 8-period moving average of the bullishness reading has declined from 42.9% to this week's reading of 36%. As investors have become less bullish, the market continues to trend higher.

It may come as a surprise to many investors, but the current Dow Jones Industrial Average rally as compared to past rallies back to 1900. is below average in duration and below average in magnitude of the advance. This post contains a chart...