Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
138 Followers
3 Following
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • Gasoline Stays Ignited 0 comments
    Apr 2, 2012 3:50 PM | about stocks: UGA, SUN, VLO, TSO
    This afternoon, the United States Gasoline Fund (NYSEARCA:UGA) is trading higher by $1.12 to $58.28 a share. Last week, on Mach 23, 2012 the UGA made a new 52 week high at $58.63 a share. The current pattern on the daily chart of the UGA remains very strong at this time. The next major resistance levels on the daily chart will be around the $55.50, and $60.00 levels. Surprisingly, the major stock market indexes in the United States have not been adversely affected by the high price of gasoline. Lately, gasoline and the stock markets are trading higher together.

    The average price of a gallon of unleaded gasoline at the pump in the U.S. is now $3.93. That number is up from $3.89 a gallon last week. The average price of gasoline in California is now $4.59 a gallon. We can only wonder when the high gas prices will start to have a negative effect on the U.S. economy and the ultimately the stock market.

    Most oil refinery stocks will usually trade higher with stronger gasoline prices. Leading oil refinery stocks such as Sunoco Inc (NYSE:SUN), Tesoro Corp (NYSE:TSO), and Valero Energy Corp (NYSE:VLO) are all trading higher on the session.

    Nicholas Santiago
    InTheMoneyStocks.com

    (Click to enlarge)

    Stocks: UGA, SUN, VLO, TSO
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

  • Weak US Dollar, easy money = GOLD Higher $GLD
    Feb 21, 2012
  • For technical traders, yesterday was a buying opportunity. For the other 99%...http://bit.ly/qmvOpq
    Aug 11, 2011
  • April gold finished higher by $12.90 to close at $1,414 an ounce.
    Feb 23, 2011
More »

Latest Comments


Most Commented
Posts by Themes
stocks, $EWH $FXI $EWJ, 10 year, 200 moving average, 2012, AAPL, ADP , ADP Employment, ADP Private Jobs Report, ADR, agriculture, Agriculture, ainvesting, airlines, AKS, AMZN, Apple, ARUN, ASCA, Asia, AT T, Auto, Automotive, AXP, bailout, banks, Banks, Bernanke, BIDU, Blackberry, BLK, bonds, bounce, broadcom, BYD, case shiller 20 city index, CAT, China, china, citrix systems, CLF, coal, Coffee, commodities, commodity, construction, copper, Cotton, cotton, CPI,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.