The trend is still clearly up in Crude Oil... all longer term trend followers (weekly, monthly, etc.) remain long despite the widespread "chatter" that $30 a barrel crude is imminent. The Energy Select Sector SPDR (XLE) and Oil Service HOLDR (OIH) have both moved to new multi-year highs today.

When we were in the States recently I said to the wife, "Given the high price of gas, did you notice how few SUVs there are on the roads?" She said, "Yeah, except for that one and that one and that one and that one...." ;-)

Light Sweet Crude futures, Weekly Chart

The coil scanner picked up UTX again. United Technologies coiled tighter yesterday, so keep an eye on it.

UTX, 120-min. Chart

Linda Bradford Raschke's post-hurricane pics: One and Two.

The ten most active ETFs of late. (It's interesting to watch how this list changes over time, as things fall in and out of favor.)

1. NASDAQ 100 Trust Shares -- QQQ
2. SPDR -- SPY
3. iShares Russell 2000 Index -- IWM
4. DIAMONDS Trust, Series 1 -- DIA
5. iShares MSCI Japan Index -- EWJ
6. Financial Select Sector SPDR -- XLF
7. Energy Select Sector SPDR -- XLE
8. MidCap SPDR -- MDY
9. iShares Nasdaq Biotechnology -- IBB
10. Materials Select Sector SPDR -- XLB

Grand jury indicts Douglas Co. broker, by John Accola:

Pay attention to the dates... a near perfect correlation with market highs and lows. If Lee had been operating between October 1998 and November 2000 instead, he probably would have been seen as a day trading genius, not a scheming criminal.

NYFIX Announces Launch of Silent Partner Algorithmic Trading Programs (Press Release):

You can find yesterday's Unusual Suspects on the Unusual Suspects page.