For Immediate Release
Chicago, IL – 02/22/2012 – Zacks highlights commentary from People and Picks Trader “inthemoneystocks”.
For more Voice of the People, visit http://at.zacks.com/?id=5851
Gasoline On Fire
This morning, the United States Gasoline Fund ( is trading higher by 0.45 cents to $55.50 a share. This tells us that gasoline prices at the pump are going to be higher if you have not noticed already. The average price for a gallon of regular gasoline in the United States is $3.57 according to AAA.
High gasoline prices are a direct tax on the U.S. consumer. It is always important to remember that consumer spending accounts for roughly 70.0 percent of the gross domestic product in the United States. Short term traders should watch for intra-day resistance on the UGA around the $56.00 level.
Some other oil and energy ETF's that are trading higher this morning include the United States Oil Fund ( , iPath S&P GSCI Crude Oil Total Return ( and the United States Heating Oil Fund, LP. ( . Traders and investors must remember that high energy prices have always come back to hurt the stock markets. These energy vehicles will usually trade inverse to the U.S. Dollar Index.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Brent Billock
People & Picks Manager