Browse by Tags

Sort by: Date | Rating | Most viewed | Most commented

• The market rally depends on crude oil

  Posted May 13 2008, 05:56 PM by Charley Blaine
  Rating:
  Filed under: investing, oil, economy
  Money Blog: Top Stocks Blog - MSN Money

  

  The chart of the Standard & Poor's 500 Index is telling me the market could move higher and happily so -- if oil prices will cooperate. That is a big if.

  Fact is, the index is giving no signs of totally falling apart. It's nicely above its 50-day moving average, and it's moving in parallel with the moving average. Something that gives an investor a warm feeling inside.

  And it is forming a support level at about 1,383. That means buying   Read More...

  Discuss ( 54 comments) 14,801 Views Digg this | Email this | Link to this

• North Dakota oil discovery called biggest in U.S.

  Posted Apr 10 2008, 03:53 PM by Jon Markman
  Rating:
  Filed under: investing, Energy, oil, Jon Markman
  Money Blog: Top Stocks Blog - MSN Money

  

  Watch out, Texas!  Get back California, Louisiana and Alaska! North Dakota and Montana are on track to knock all of you off your high horses as the oil capital of the United States.
  
  According to a government report published today that has stunned the energy biz, a thin layer of rock known as the Bakken Shale, located a couple of miles under the Badlands, holds up 4.3 billion barrels of recoverable oil, making it the single largest oil reservoir that federal scientists have ever assessed. 

  At today’s price of $110 per barrel, that puts the value at $475 billion, give or take a few bill, or more than enough to make people think ND stands for North Dallas. Or maybe that’s New Dhabi. 
  
  The U.S. Geological Survey only assessed the Bakken Shale in U.S. boundaries, so the full extent of the find, which stretches north into the Canadian provinces of Saskatchewan and Manitoba, will ultimately be larger. Already the estimate for “technically recoverable” oil – or that which is exploitable using current technology -- is 25 times higher than the last time the USGS surveyed the area, in 1995.   Read More...

  Discuss ( 453 comments) 120,514 Views Digg this | Email this | Link to this

• Hot money: Going from oil to tech?

  Posted Dec 05 2007, 03:45 PM by Charley Blaine
  Rating:
  Filed under: investing, Google, Apple, Internet, oil
  Money Blog: Top Stocks Blog - MSN Money

  

  It looks to me like the hot money has started to flee crude oil. And the winners from that retreat look like Apple and Google.

  Crude peaked on Nov. 21 at an intraday high of $99.29 a barrel -- a day that saw the Dow Jones industrials fall 211 points. It dropped to $86.95 in electronic trading Wednesday night. (Check out this chart of crude oil.) And this despite OPEC's decision to hold its production quotas at current levels at a meeting in Abu Dhabi.

  Tech stocks started to move almost as soon as crude peaked and have been among the strongest market sectors in the last few weeks.

  Since Nov. 21, the U.S. Oil Fund, the exchange-traded fund that invests in crude oil, has fallen nearly 12%, while Apple is up 10%. Google is up nearly 6%. The Morgan Stanley High-Technology 35 Index is up nealry 5%.   Read More...

  Discuss ( 1 comments) 2,636 Views Digg this | Email this | Link to this