EDGE TRADER

Tuesday, October 04, 2005

Spotlight for tomorrow



I am expecting a volatile opening tomorrow, especially in energy stocks, as the crude inventories report is released at 10:30. It's probably unlikely to hope that non-energy stocks can open significantly higher unless that figure shows better than forecast inventories. But that opens the opportunity for an intraday trade or two depending on what happens.

Chain restaurant stocks are also likely to be volatile as YUM and Ruby Tuesdays report after the bell. WEN and EAT are on my radar in this sector, but this sector is out of favor right now.

4 Comments:

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