« Watching TLT as an indicator of equity market direction, Fri., Feb. 24, 2006, 8:25 AM | Main | Strength in gold explained, Fri., Feb. 24, 2006, 10:00 AM »

February 24, 2006

Futures market reverses trend, Fri., Feb. 24, 2006, 9:11 AM

Geopolitics today has taken center stage.

A terrorist attack against an oilfield in Saudi Arabia set off a change in sentiment this morning in recent trading.

Then news is being reported that Venezuela has announced that an all-out ban on scheduled U.S. flights will be implemented March 1.

What next?

For a monitor on minute-by-minute changes in the futures markets, I use INO.com. There are plenty of services like this, but I happen to like INO.com.

As well as the 180 degree turnabout in U.S. equity futures, I see that gold is now up about +$6.00, and April Oil (NYMEX CL.J06E) is up +$1.69 to $62.19. And bonds are higher on a flight to quality, which happens when the world turns weird.

Posted by Posted by Bill Cara on February 24, 2006 09:11:25 AM | Category: Cara Today in the Market