Wow, another roller coaster day, with a huge stock rally at the open reversing for a lower close. Hurricane Gustav did not live up to advance billing and oil tumbled, taking most metals with it.
An interesting divergence for the day, with XLE an oil stock ETF closing near its lows, while USO the oil ETF rallying well off its lows. I don't trade oil often enough to reach any conclusions, but thought it worth a mention.
Positions: short USO, long BUD, MCD
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