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Monday, February 20, 2006

I found a hot spot in my bedroom against the window...and if i lean my lap top just right i can get a signal! Anyway spent the weekend recharging my batteries so no blogging. But i got some time tonight.

Anyway with markets closed today...overseas markets were trading. Friday's crude rally gained steam on Monday where trading...and sits at 61.oo as of this post...+1.09 as of this post time. Look for energy stocks to play catch up to this on Tuesday when trading begins. Natural gas which has quietly crashed from its 14 dollar high is up 13 cents. Look for bitter cold air to spread into the Northeast this weekend and early next week and the pattern looks very cold for the next 10 days. But the heating season is winding down so how much impact that will have remains to be seen.

We continue to benefit from the Northern Borders news of midweek where Oneok is putting 3 billion in assets into the company and the market responded by marking up NBP by 5 points and has been marking up prices in the entire group since. Weekly charts for most of these look playable to the upside and with long rates generally behaving I think the rally in prices should continue.

I will post in the morning with overnight developements and any corporate news.

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