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Vet67to82 (< 20)

Global Markets Info

Recs

134

February 05, 2009 – Comments (2) | RELATED TICKERS: DXO.DL.DL , USO , XOM

   For those of you who do not have access to live, minute to minute quotes, I found a free website  the " World Market Index " that provides global pricing info on countries and indicii, currencies, commodities ... all on one page, with links to additional info:

            http://www.indexq.org/   

   For many purposes such as investing in a particular stock, it helps to know before you spend your hard earned money - how the industry is doing. how the sector is doing, how the market is doing and how the global markes are doing.  I have personally observed, over the years, that if the foreign markets had a bad day, then we had a bad open and morning ..usually but not always, ending in a bad day for the USA markets at the close.  

  I have found it very profitable to let a bad "market" open take the prices of the stock(s) I'm interested down, often lower, than what I would have bought them otherwise. 

 If on the above  site, 3rd panel down, you click on WTI Crude Futr ( West Texas Intermediate is the crude pipeline to, and stored at, Cushing, OK )  that take you to " Barchart.com "

         http://www2.barchart.com/dfutpage.asp?sym=CL&code=BSTK    

You'll be able to see the different prices for crude futures by Month and Year ( so "CLZ17 is crude futures for December 2017 ( 73.94  +1.34 ) vs the cash ( CLY00 40.32  -0.46) and the March futures (CLH09  40.32  -0.46).   Looking at the futures further out will give you a good idea where the energy stocks, tied to the price of crude, will be going ...  You'll also have a pretty good idea as to whether you should fill your gas tank and home heating oil tanks now ...   or wait.   From a scan of the prices, energy stocks tied to crude are going UP, and I don't think you should wait to fill your tank(s).         Hope this is helpful!    :)

2 Comments – Post Your Own

#1) On February 05, 2009 at 3:17 PM, binve (< 20) wrote:

Nice find! Thanks for sharing!

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#2) On February 05, 2009 at 4:02 PM, Vet67to82 (< 20) wrote:

You're welcome.  I think a page similar to this, and I'm sure MFool can improve on it, would be a great benefit to every MFool member.  Gold, silver, crude, cattle,  ... currencies,  it's all tied together and to the stocks we own, that we're thinking of buying - or selling ...   info like this certainly help to make better informed investors. 

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