bp oil spill summary

Some events oil spill Tuesday, July 20, 2010

A summary of events Tuesday, July 20, 1991 days of the Gulf of Mexico oil spill that began April 20 with an explosion and fire at the aircraft deepwater drilling Horizon Transocean Ltd. owned and leased by BP PLC, which is responsible for cleaning and containment. The explosion killed 11 workers.

Day Trading Economic News Analysis: S & P 500 4 June 2010

Understanding of the direction of the market and the economic activity is profitable Trades lead. Keep pace with our live news feed with TraderMongers.com!

S & P 500

On Wednesday was at the rally low volume trade. Yesterday, the trend continued, as the market ended higher ahead of Friday's jobs report. Currently, S & P 500 is trading above all the major moving averages, Fibonacci (8, 21, 55, 144) on the 5 minutes chart.

Thomas Hoenig warned of the Federal Reserve Bank continues to hold the Interest rates to zero. He believes to abide by rising interest rates with inflation, so that the recovering economy would not hurt. Friday's job report give a clear indication how the economy forward. Increase in the wage bill will help the markets.

As we approach the summer season, expect low volume trading. The S & P 500 Index is currently trading below the resistance level in January 2010 and between 144 and 200 day moving average of the daily charts. If we are to break through the resistance in January 2010, this is highly unlikely due to low volume trading, the markets expect trading below that range.

The Chicago Board Options Exchange (CBOE) Market Volatility Index (VIX) measures activity in the options market and widespread persecution of the S & P 500. A common strategy for trade Traders and investors includes a VIX level of 30 or higher means an immediate change of shares, cash. Traders and investors withdraw from the market and finding security and protection in the Treasuries, gold and dollars.

As long as we stay above that level, as we expect pessimistic approach of the slow summer months. At present The VIX is above the 144 and 200 days moving averages on the daily chart. The index is based on the 29.46 from Thursday 3rd Sun June traders and investors might be tempted to reallocate shares to and cover their shorts.

But due to low volume in the recent rally and liquidation of fund investors because of appalling examples like the "flash crash" European debt crisis and BP Oil Spill expected return volatility and traders will make money and prey on both Ends. Buy a retail dealer's when investors are fearful and sell when they are upbeat and confident.

Summary Pivot and technical levels

1219: S & P 500 52 Week High

1114: 144 Fibonacci Day Moving Average Daily Chart on

1100: Natural Resistance Level

1095: 144 Fibonacci Day Moving Average 5-minute chart

1094: 200 days Moving Average Fibonacci 5-minute chart

1090: Important Pivot Level

1086: 200 days moving average on Fibonacci Daily Chart

1175: Natural Support Level

Thursday Economic Calendar

Employment / 8.30 EST

Dennis Lockhart Speaks

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Gulf Oil Spill - Summary.mpg