TSG – Oil gums up the stock machine..

Dear Trader,

TSG Stock Market Letter
Week Ending May 23, 2008
Topics Discussed This Week:

* Stocks roll over with rising oil…
* As leaders suffer a worse fate
* Earnings still deteriorating
* Existing home sales drop, unsold inventories near one year
* Oil prices and earnings – growing economic headwinds

It was my second week on the road in Europe … Dear Trader,

TSG Stock Market Letter
Week Ending May 23, 2008
Topics Discussed This Week:

* Stocks roll over with rising oil…
* As leaders suffer a worse fate
* Earnings still deteriorating
* Existing home sales drop, unsold inventories near one year
* Oil prices and earnings – growing economic headwinds

It was my second week on the road in Europe and the challenge was
finding a reliable internet connections in Greece. Corfu has been pretty good until we went to the east side of the island… Found a wireless connection but for some reason, it didn’t like it when I tried to upload charts and text to the TSG website. Am here to write a story on a new float airline recently launched in Greece (AirSeaLines.com). It offers a great alternative to the slow and unpredictable Greek ferry system. And talking about unreliable, just as I was getting set to send this off, the power went out… Now, eight hours later I’m trying again and if you are reading
this on Sunday, you’ll know I was successful…

There will be no newsletter for the week of June 8 as I will be without a connection.

Will be sending out the May 31 letter from Venice (Net connection willing…)

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To read this week’s STOCK LETTER, please go to
http://tradesystemguru.com/content/blogcategory/34/68/
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To read this week’s INTERMARKET LETTER Monday, go to
http://tradesystemguru.com/content/blogcategory/35/69/
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