Sunday, July 27, 2008


Oil support?
The dollar also looking it may be in for a leg down.
Stochs above 80% now.

Sunday, July 13, 2008

Rally time?

Paulson for now has pumped up the markets. Lets see what happens tomorrow but for now looks like he has managed to shore up FNM/ FRE temporarily w/o putting any fed money into them. Yet.

So the plan for this wk is as follows. Clean up the small block of SKF /QID remaining Mon if futures still want to bounce up.

Wednesday, July 9, 2008

MOS - 6 mo daily

A very nice recovery after cracking that trendline. Like AGU will be careful w this one and prob unload when it appears to consolidate, but I am weary of how it might react to another market downturn. Also the way it corrected so hard early in the cycle is something to keep an eye on.

AGU - 6 mo daily

It pierced its trendline but recovered pretty well.
Printed a hammer and is up 6% as of noon today.

It might consolidate after rising a little based on previous waves, but perhaps it will continue to run up into earnings.

SKF - 6 mo daily

Big question here is where is it going to retrace? If it does.

Jun 19 - Set up of the year in financials

I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug.  Mad conviction here.