Third quarter profits for most firms like Conoco Phillips and otehrs in the gas sector are exected to be much less than in the 2nd quarter. (Duie to lower gas prices). So I would be very careful in putting all your money on gas prices rising soon. Longb term of course a great sector to be in.
As for Monday - I say a 64 open down to early 60s before closing around the 63-64 mark again. If we can hold 63 that will be good. Tuesday afternoon might prove good for a rebound if interest rates are left on hold (as is likely). Volatility high still though so be careful all! We have the DOW and ASX against us but the month of October with no deadline set on our side = anytime now we could get a good ann!
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