They just don't appreciate that you get tired
They're so hard to satisfy, You can tranquilize your mind
So go running for the shelter of a mother's little helper
And four help you through the night, help to minimize your plight
Doctor please, some more of these
Outside the door, she took four more
What a drag it is getting old – Rolling Stones
The rally is looking a little tired.
Despite repeated doses of Central Bankster stimulus, we just can't seem to get a proper breakout over our key levels. As you can see from Dave Fry's charts, yesterday's volume was so low we may as well have been closed yet despite all the "good" news (see this mornings News Flast for details and Futures trading notes) the S&P only made a half-assed attempt at 1,850 and barely held 1,840 in the end.
Oil jammed up to $97 (we're short /CL at that mark) on news that the Keystone Pipeline will drain 700,000 barrels a day (3.5M per week) out of Cushing, OK, which will allow us to export 3Mbd of petroleum products out of the country – which would make the US the World's 3rd largest exporter and the ONLY country in the world that imports oil and exports refined product in order to artificially increase prices paid by our own citizens.
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