Crude low of the day was $60.01. Watch the rest of week on this level if we bounce or crack it. I am all out of that trade and holding 1/2 USO $40 puts.
Only Winners here
MARKETJEDI
Wednesday, July 8, 2009
USO Puts
Well those $40 USO Puts are up about 300% since first mentioned June 30. Crude is crushed here and if we break $60 we will surely see out $57 area target.
Rocking here folks, it is summer and slow so pick your spot and strike.
MARKETJEDI
Rocking here folks, it is summer and slow so pick your spot and strike.
MARKETJEDI
Crude
Crude continues it downward spiral as expected. What a killer play over $12 on that sucker man oh man. Support line on crude 60.60 so watch that area for some type of reaction.
Killer play
MARKETJEDI
Killer play
MARKETJEDI
875 Now Broken
875 on the futures now broken if we close below it today it would confirm the bearish sentiment change in the market and more than likely act as some resistance.
If this 875 proves top be pivotal then we will have a new range established on a lower level. Range would like be the 850-925 area.
Watching that 868.50-869 now!!!!!!!!!!!!!
Our Analysis of cycles calls for a high in the market in July remember. Now the questions is whether it is already seen it or we have to wait, technically we are just in the first trading week of the month.
MARKETJEDI
If this 875 proves top be pivotal then we will have a new range established on a lower level. Range would like be the 850-925 area.
Watching that 868.50-869 now!!!!!!!!!!!!!
Our Analysis of cycles calls for a high in the market in July remember. Now the questions is whether it is already seen it or we have to wait, technically we are just in the first trading week of the month.
MARKETJEDI
875
Again we hit that magical 875 number and bounced. Very very important area in deed but my best analysis show us breaking that 875 and heading towards 847. Today we look like we might open relatively flat and we definitely are in a pattern for consolidation of the early part of the day so be careful over trading the early ours.
In the mean time our weekend call on lower prices on the tech guys are GOOG, BIDU and AAPL worked perfectly and were huge winners. I would be taking profits as they go.
Oil still looks lower and should hit sub soon.
MARKETJEDI
In the mean time our weekend call on lower prices on the tech guys are GOOG, BIDU and AAPL worked perfectly and were huge winners. I would be taking profits as they go.
Oil still looks lower and should hit sub soon.
MARKETJEDI
GE worth $2 !!!
If GE is worth $2, BAC is worth the same in my opinion. Man I am a long term bear but alot of people are going to be in a world of hurt because they really think stocks are coming back and are dollar cost averaging in. Who will be right???
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