Tag Archives: OXY
Portfolio Adjustment
We’re moving down to a 30% Long exposure to the Oil and related names @ 4 P.M. EST. This includes..OXY,XLE,USO,OIL Futures as well as our Long Canadian Dollar position. Although this is a capital flow which I believe will play … Continue reading
A.M. Look 2/21/12
USD/CAD…98.80-99.00 continues to be the hurdle level ( Dollar support). This runs up to 101.37 in the (H) Futures. Simply put, don’t buy Futures strength/ sell Dollar weakness into this level. The Canada will need more than one attempt at … Continue reading
A.M. Look 2/16/12
Spu’s …1329.50-1332 is the level it’s been trying to print for the past 2 weeks. Just don’t initiate a short into this level. It’s a Bear trap area the first time down. Presently the Spu’s need back over 1342.50 for … Continue reading
A.M. Look 2/15/12
One trait of a Bull Market is that it spends all day trying to brake and just a few minutes rallying. Spu’s…will stop all the way up, at every macro level, where new shorts will come in to try and … Continue reading
Stops…General Comments.
In an abundance of caution we are raising our current stops.. Many short term players are again using the double top @ 1352 to short the indices. They are playing for a breakdown to at least the 1329-32 area. This battle … Continue reading
A.M. Look 2/14/12
Crude has broken out of it’s recent $5 trading range. We will be adding the USO ETF to our Long portfolio on a dollar pullback in the Crude to anywhere near $100.50. We will use this as a surrogate to … Continue reading
Looking Good
We have many similar chart patterns forming. Here are some names that are looking good to us. Those wishing to increase Risk can review some of these names w/the commensurate stops. FFIV …Five networks with a stop against today’s low SMH….Semiconductor Etf..stop … Continue reading
A.M. Look 2/13/12
Levels of note today are the previous highs in the OIL…100.30-50 Spu’s…1252.70, Aussie…108.50 Platinum…1674.50 All new sustained price action above these levels is needed for another leg up. Model Trading Portfolio…Current Holdings ………………Stop Close Profit Points Long … Continue reading
Risk Positions…Stop Adjustments
Currencies… I don’t see any reason for shorter time frame traders, particularly those with the ability to trade either cash of Futures in the Currencies, to have exposure over the weekend. Sunday will start a new game. If the market … Continue reading
A.M. Look 2/10/12
30 Yr. Bonds…We currently have a double top and a double bottom on the Monthly Bond Chart. 140.22 (H) Futures is the bottom level currently in play. Closing below this level, coupled with sustained price action below 140.22, would have us … Continue reading