Thursday, December 6, 2007
Alert: USO OIL
OPEC sent wrong message to oil market In case you wonder why I do so much hedging it's because the whole dam global market is a scam to ...
Who Keeps The Penny?
Suppose your kid told you he would get an F in Algebra, but on report card day proudly produced a D. Well you'd go out and buy him a new...
Alert: USO OIL
When a stock hovers just underneath support as USO and OIL are right now they usually move away fast and to the downside (Link 1). It looks ...
Wednesday, December 5, 2007
Short The Bond Inssures with One Eye Closed
While the stock market is all giddy over the prospect of of a rate cut another monster has come up from the slimy depths. Bond insurer MBIA ...
Ron Paul is no Serious Candidate
After the Republican debates last week Jeffery Toobin the senior legal analyst for CNN proved once and for all that anyone can get a law de...
Tuesday, December 4, 2007
Alert: USO OIL
USO is down 1.40 and OIL is 0.96 down. Just stay in both positions. I want for oil to drop to 80 per barrel. Since the longer term outlook f...
Trade Update:USO OIL
For those of you who are in the USO OIL trade we should be long 50 shares OIL @ 52.16 and short 25 shares of USO @ 70.23 and 25 shares @ 68....
Monday, December 3, 2007
Alert: USO OIL
We have been stoped out of 50 shares stil in 50. This is a hedge. I will post a follow up, but right now Buy 50 shares OIL @52.16 Remove all...
Alert: USO
Add a 3/4 poistion Sell short 75 shares USO @ 68.74 Stop: 25 shares @ 69.50 Stop: 25 shares @ 70.50
Short it Blind
Well not just yet. Friday’s action shows that it’s a good idea to short anything in this very short deserving stock market with some respect...
Friday, November 30, 2007
A Sure Thing:USO
It's a sure thing that the US dollar is going to fall below 70 on the USDX and to even much lower levels. If you look at the chart of th...
Mission Impossible
Even in a free country the government has a legitimate need for secrecy or deceit. It might be to prevent a public panic that could impede a...
Thursday, November 29, 2007
Close an Eye and Short The Bond Insurers
I was not going to short Ambac ABK and MBIC MBI tomorrow because technically they are still a bit over sold. At least they are not perfect s...
S&P500
I am waiting to see if yesterdays gap and run was the beginning of the Christmas rally or just a short covering rally. Based on the volume ...
Wednesday, November 28, 2007
Trade Alert2: S&P500
Well the upper downtrend line in the SPY was broken with force, along with the 8 day EMA. If you read the Trade Alert: S&P500 posted at ...
Close You Eyes and Short the Banks
I swear I could just short all the banking index right here right now. I don't care for fundamentals, but any bank that has exposure to ...
Alert GS
Goldman Sachs gaped up this morning. DON'T chase it. The stochastic on the 15 min. chart is nearly 100% and rolling over. Let it come ba...
Tuesday, November 27, 2007
Trade Update: GS
I wanted to give GS enough room to move today and failed. We were in @ 210.34 and stooped out at 207.80. Times 25 shares that's a loss o...
Trade Update: S&P500
I was unable to watch the market all day, but it looks like we were stooped out of our SPY short position @ 142.5 around 10:30. So we are ou...
Alert GS
The stochastic on GS are off the bottom and rising in the 15 minute chart. Buy 25 shares GS @ 210.34 stop @ 207.80
Trade Alert
The market will gap up here. Let it fade, put a stop on the spy @ 142.5 and keep an eye on Goldman Sachs GS
The Colour of Money
The true colour of money is gold. Let me say that here gold represents a variable that represents anything of intrinsic value. The reason is...
Monday, November 26, 2007
A Sure Thing
What does a collapse of the US dollar mean for the overall economy? That's easy disaster. What does it mean to the stock market ? That...
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