Wall Street Forecaster

Brent oil nears $100, stocks dip on Egypt fears

http://www.reuters.com/article/2011/01/31/us-markets-global-idUSTRE70D1FB20110131?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29

Next week's forecast

The OSS NEWSLETTER & FORECAST has been posted at: http://www.oss.cc/Newsletters/oss_Newsletters.asp

Aggressively managed pure bear ETF

Saw this over at http://urbansurvival.com/week.htm.

 

Might want to check out this CNBC video on an aggressively managed pure bear ETF which looks at something really smart:  They pick out companies which are "aggressively recognizing revenue."

Will Gold, Silver and Oil Prices Soar on Social Unrest in the Middle East?

http://seekingalpha.com/article/249301-will-gold-silver-and-oil-prices-soar-on-social-unrest-in-the-middle-east

"It is important to monitor the ETFs that follow this area, such as the Market Vectors Gulf States Index ETF (MES), WisdomTree Middle East Dividend (GULF), and SPDR S&P Emerging Middle East & Africa (GAF). This economic and social unrest could cause contagion throughout the Middle East; the major shift in the balance of power could cause oil prices (DBO) and gold prices (GLD) to soar."

Best Performing Stocks

http://seekingalpha.com/article/249331-s-p-500-crosses-above-1-300

 

Options Trade -- NKE FEB11 85 CALL

Bought at the Open for .78.  Made a high of 40%, but we held till the end of day at which time our profit was 28%

Intra-day comments are moving to Twitter

Intra-day comments might best be published through Twitter.

Please search Twitter for "wall street forecast"

Option Alerts

Both EDC and NKE are showing signs of a move higher.

Robert Prechter Speaks

http://watch.bnn.ca/#clip406293

OEX Intraday Update

12:00 -- Markets should move high for the rest of the day.  Currently at 580.

14:45 -- Markets did move high since last post.  OEX reached 582, then reversed to set a new low of 578, and have now reversed to the upside.

16:00 -- After the last reversal, the OEX moved from 578 to 583.