Agree Bloodwynch.December is always a slow month for trading,...

Agree Bloodwynch.

December is always a slow month for trading, I've never liked it much at all, good for only holidays and retail sales as xmas approaches. January to April are excellent months for trading thats when all the formalities are done with and people wind back up to business.

Have to expect that some will take some profits before xmas and rallies will not always happen at the drop of a hat as we have seen in the past months. Media continues to plug staples and to down ramp crude for their own benefit.


For e.g. in todays U.S. summary (NAB online trading) they mention crude.

"The three major US equities market benchmarks managed small gains in Friday trading. Investors were cheered by a surprise upgrade by Intel Corp of its December quarter sales projections plus a further decline in crude oil prices. However, in a key negative, lower than expected November nonfarm payrolls stats (and some modest downward revisions to the previous two months) shot down rising confidence that the US jobs markets were rebounding strongly."


And another mention to crude again..(This was already said last week)

"Crude oil prices fell to three-month lows in Friday New York trading, on increased confidence that US heating-oil inventories would rise in coming weeks driven by unseasonably warm weather in the northeastern regions of the US. The benchmark West Texas Intermediate crude oil benchmark shed nearly 14% on a Friday-on-Friday basis."


But oddly enough, No Mention to the fall in Nickel Prices which were well above USD$14,000 per ton last week and now have fallen to USD$12,980 per ton. And also no mention to copper prices falling over the past week. In a current favorable Materials market you would expect more to be said on materials, not crude.

A nice try for media by keeping average investors away from energy stocks.

Looking at the energy index today shows a 1.4% rise, maybe investors are slowly changing back to energy stocks regardless!!.

Time will tell.


tp