Got into some EPM again yesterday after selling off the DEEP. I know DEEP still has some upside to go, but the EPM was starting another spike and I wanted to get some while it was hot. It broke out above it's fifty day moving average, so it's a place to make a few bucks for the moment, and the next few days.
Looking at the weather http://www.kcra.com/wxmap/5426744/detail.html in the Atlantic, I see there's another storm forming east of the Windwards. That'll give natural gas another push to the upside, at least through the weekend.
It seems like the whole world is waiting for the Fed's meeting next week. Many things are going to swing depending on the if, when, and how much of the cut. We have the dollar at the lowest value it's held for the past few years, gold is approaching it's all time highs if it breaks thru it's last high point from a year and a half ago, and oil is just a day or two past it's all time high. I'm banking that they're going to drop rates by a quarter to half a point. If it's just a quarter point, we're probably going to see further cuts. If it is a half a point, we might not see any further cuts till next year.
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