Wednesday, May 28, 2008

Stocks Struggle to Stay Above Water

Meanwhile, the stock indexes are struggling to keep their heads above water. Yesterday's settlement price is the turquoise-colored line on the left chart. As long as crude oil prices remain strong, I don't believe stocks will be able to sustain a rally. I have been trading primarily the Dow and 10-year treasury indexes for the past two weeks, with a few grain trades thrown in for good measure.