We Trade the Frenzy

-- NASDAQ AND NY COMPOSITE HIT RESISTANCE
-- A VOLATILE 16 WEEK PERIOD
-- FINANCE AND SEMIS HIT RESISTANCE
-- OIL AND GASOLINE ETFS FORM TRIANGLES
-- EURO ETF HITS KEY RETRACEMENT
-- EURO AND STOCKS ARE POSITIVELY CORRELATED
-- GOLD AND EURO ARE NEGATIVELY CORRELATED

Apache Oil buys in to bail out BP. We have BP calls. Apache (APA) many of our long term traders know I play a lot, but right now my www.bluechiptoptions.com oil stock recommendation is with another play.

The Apache Oil/BP money could be a trigger for the market.

It is important now as we trade the frenzy in the electronic bet, trying to catch "nuances" in bid/ask and making money that we recognize the triggers that will stimulate. This may be one.

The market should report the second quarter GDP as having 3.0% growth. It's really smaller inventories, but should show again some improvement. It always depends, with news, what the mob psychology sees at that moment.