THE PAINTED PIGS WEEKEND CHOICE CHOPPERINO'S APRIL 24/25-2010

THE PIGS BEEN BUSY. THE SCANNER PROGRAM THE PIG USES HAS HAD TO BE TWEAKED AGAIN. AS YOU ALL KNOW THIS IS A LONG TERM EXPERIMENT, AND THE DATA WE COLLECT HELPS TO FINE TUNE THE PROGRAM, AND DELINEATE THE ADJUSTMENTS WE MAKE. THE PIG KNOWS YOU ALL TRADE FOR PROFIT, FOR THE THRILL, FOR THE CHALLENGE. WHAT THE PIG IS TRYING TO DO IDENTIFY THE EARLY OPPORTUNITIES, BLEND IN SOME ANALYSIS, PATIENCE AND INTELLIGENCE. THEREBY MAKING US A PROFIT. JURY IS STILL OUT YET, THE PIG KNOWS THAT. BUT THE INDICATIONS ARE PROMISING, SOMETIMES ALL WE HAVE IS HOPE.

ON WITH THE SHOW...

Maybe this world is another planet's hell.  ~Aldous Huxley

BRS.V...A PREVIOUS PIG PICK FORM JANUARY. THIS CHOP LOOKS READY FOR A MOVE, AFTER A LONG PERIOD OF ACCUMULATION. RUMOUR HAS IT THE INSIDERS ARE PICKING UP THE SHARES. THE SCANNER SAYS NET CAPITAL IN, MOMENTUM INDICATORS, OBV, AND LIQUIDITY ALL TURNING UP. LIQUIDITY STAYS AND THE DRY SPELL MAY BE OVER.

KLG.V...NO STORY HERE JUST SOME DECENT NUMBERS, ACCUMULATION, MOMENTUM AND NET CAPITAL AREAS. 

THE PIGS NOT SURE WHAT TO MAKE OF IT BUT IF LIQUIDITY CONTINUES THEN WE COULD SEE A MAJOR MOVE HERE. EYES FRONT.

GOE.V ....THE PIGS ODDBALL OF THE WEEKEND. A BIT CONTRADICTORY BUT NONETHELESS SCANNED SOME VERY NUMBERS IN A FEW AREAS. SOME GOOD ACCUMULATION WITH WHAT LOOKS LIKE A BIT OF AN IMPATIENCE DRIVEN SELL OFF. THE PIGS SAYS IT COULD MOVE FAST, AND IF LIQUIDITY RETURNS, VERY FAST. 

THE PIGS WEEKEND HONORABLE MENTIONS

MCK.V

NIS.V

Crude Oil Rises a Fifth on Signs Global Fuel Demand to Recover

April 25, 2010, 10:11 PM EDT

By Gavin Evans and Christian Schmollinger

April 26 (Bloomberg) -- Crude oil rose for a fifth day on speculation demand will increase as the world economy recovers from recession. Oil traded above $85 a barrel as a Conference Board report tomorrow in the U.S., the world’s largest energy user, will probably show consumer confidence climbed to a three-month high. Asian stock markets rose for the first time in three days on expectations of higher earnings at Toyota Motor Corp. in Japan.

“Data on the economic side, especially in the U.S., are getting much, much better than expected,” said Tetsu Emori, a commodity fund manager at Astmax Co. in Tokyo. “The gasoline demand season is just starting in the U.S. so I’m not really pessimistic about the high inventory levels” there, he said. Crude oil for June delivery rose as much as 44 cents, or 0.5 percent, to $85.56 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $85.45 at 9:39 a.m. in Singapore. The MSCI Asia Pacific Index rose 0.9 percent to 126.42 as of 9:40 a.m. in Tokyo, with more than 10 times as many stocks advancing as declining.Oil climbed 1.7 percent to $85.12 on April 23, the highest settlement since April 15, after government reports showed that U.S. sales of new homes surged in March and orders for non- transport durable goods climbed. Commodities had rallied as the dollar fell against the euro for the first time in seven days.

A Commerce Department report showed that sales of U.S. new homes increased 27 percent in March, the most in 47 years. Bookings for goods meant to last at least three years, excluding cars and aircraft, climbed 2.8 percent. The dollar index, a measure of the greenback against six major currencies, was little changed at 81.35 today after falling 0.3 percent on April 23. A weaker dollar bolsters the appeal of commodities as an alternative investment. Rally, Inventories

U.S. crude oil inventories unexpectedly climbed 1.89 million barrels to 355.9 million in the week ended April 16, according to a Department of Energy report.

While the overall level of inventories is high, the pattern of movements is similar to recent years, Astmax’s Emori said. The direction from here will be more important than the absolute level, and oil is likely to be sustained between $80 and $90 a barrel for the rest of the year, he said.“Ninety could be reachable, but over $90 to $95 would probably be difficult unless there are more strong factors on the fundamental side appearing,” he said. Hedge-fund managers and other large speculators increased their bets on rising oil prices in the week ended April 20, according to U.S. Commodity Futures Trading Commission data. Speculative net-long positions, the difference between orders to buy and sell the commodity, increased 7 percent to 121,475 contracts on the New York Mercantile Exchange, the Washington-based commission said last week.

Brent crude oil for June settlement rose as much as 40 cents, or 0.5 percent, to $87.65 a barrel on the London-based ICE Futures Europe exchange. It was at $87.64 at 9:55 a.m. Singapore time. It climbed 1.8 percent to $87.25 on April 23.

Brent is trading at a $2.19 a barrel premium to the New York-traded West Texas Intermediate futures as stockpiles at the U.S. contract’s Cushing, Oklahoma, delivery jumped 5.8 percent in week ended April 16 to 34.1 million barrels. That’s the highest since the week ending Jan. 8.

--Editors: Alex Devine, Jane Lee.

To contact the reporter on this story: Gavin Evans in Wellington at gavinevans@bloomberg.net.

To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net