OIL

Today Oil made all time high. I just did some projection and Oil has the potential to goto $138. I hope my readers are buying smaller and more fuel efficient cars because it will only get worse at the pumps

SKF

SKF up nice before the open. Glad I added to my shares. SKF is up $8 from last friday's open

FNM

FNM down premarket on loss of over $2 Billion for the quarter.

FNM

Do we get a blood bath on FNM tomorrow if earnings are terrible in the morning before the close! Who knows! all I know this stock isn't worth $15 and I will ride it down to that level.
We will see soon enough. I purchased some AAPL puts here again as this level is heavy resistance but this trade is not for the faint of heart.

OIL

Oil looks like it want new highs and towards that $125-$130 level.


Time to buy that bicycle :)

Stick to the trend trades.

Stick with trend trades till they stop working. Look at citibank today down, FNM down, SKF up. You have to stick will the trend till it doesn't work anymore.

Seem like some funds moving back into the commodities space. Oil is up huge and the agro stocks aren't doing bad.

Start of week

The market seem to be upset about the Microsoft Yahoo deal not going through. Currently the futures are down but I am goign to be aggressive and buy some strong stocks at the open for intra day play.
Keep an idea on GOOG which should benefit from the Microsoft, yahoo fall out and also look for a pull back in the financials.
I will be back after market opens