Pivot Points Crude Oil February 28, 2012

Even though Senator Olympia Snowe from Maine will not seek re-election, we soldiered on using our SmartLevels Pivot Points to find some great trades. See the chart below.

There was some news out there if you were able to sift past Angelina Jolie’s leg and Jennifer Lopez’s… well… assets.

The Dow is above 13,000 for the first time since 2008. That means the economy is recovering… right? In 2009, the market was in a strong uptrend. The economy was good then… right? Personal economies were doing great when housing prices were hitting new highs. Hmmm…

January durable goods orders fell by more than expected.

The Conference Board’s Consumer Confidence Index rose more than expected. The confidence must have been directed at those less durable goods.

The metals showed some gains as well.

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Pivot Points Crude Oil February 28, 2012

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