Sunday, July 27, 2008

$WTIC

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.

May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...