Vet67to82 (< 20)

Global Markets Info

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!    :)