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Tuesday, October 18, 2005



Good Morning.
Another morning starts with energy selling off a bit. Right now Wilma is strengthening but odds favor a track into the SE Gulf on a Northeast track to south Florida. But i'm still waiting for this southward drift to end and apparently it has!

No corporate news or upgrades or downgrades. Thanks to a poster who informed about Lehmans upgrade yesterday of Plains All American Pipeline which seemed to escape reporting on Dow Jones and other wires.

10 year yield at 4.50 this morning on PPI news...we're at the top of the breakout point above 4.50 yield (Chart of weekly 10 year above). Note that the real breakout on yields will occur if we take out that 4.75-4.90 top from April 2004.

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