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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Wednesday, April 27, 2011

Crude & Gasoline Futures - Weekly

Just a pause and still amazing how the terrorist have driven up gasoline in comparison to the actual cost of oil. I wonder how much of that Futures money is Republican money?  Yet another piece of the bull**** not truly covered by the media.  Wouldn't it be nice to know who is REALLY behind this non-substantive fake demand?


Topping or ready to launch to $75?

At the money Jan 12 Calls & Puts $10 per contract. Would be nice to be able to sell $80 calls to pay for part of $65 Calls. However a break below $63 could pick up steam quickly.


The price of Options continues to get cheaper making those long Calls worth less and the Puts cheaper to purchase. Could be a good time to get some Long Calls on future implied volotivity.

In the money Oct 11 Calls going for $7.75 per contract


If the market were a wrestler he'd be called for stalling in 2011...

Pretty simple technical read form here:
Breakout above 1360
Breakdown below 1250

May be 2012 till we know the answer.


Forming another pennant above $25.80 consolodating for next move.


Resistance @ $2 moving stop to $1.84


Still room to go...

Stop up to $43.49, loose @ $41.99