Principal Asset Development

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?

GMCR

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.

$VIX

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

$SPX

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.

MO

Forming another pennant above $25.80 consolodating for next move.

SIRI

Resistance @ $2 moving stop to $1.84

SLV

Still room to go...

Stop up to $43.49, loose @ $41.99

Thursday, April 14, 2011

$VIX

Options are cheap and if you have the ability to sell them straddle plays could work as the lack of volativity wanes on for the rest of the year.

SLV

WOW! I hope you held some. Precious metals will continue to go up until inflation is real and the FED has to raise rates. That will be no time soon as they will continue to flood the market with cash raising the deficit exponentially.

Friday, April 1, 2011

SIRI

Good time to reload.

Stop $1.59

$VIX

Options are cheap

SPX

Monday, March 14, 2011

SIRI

Tuesday, March 8, 2011

SLV

GLD

SIRI

Stop $1.68

Friday, February 18, 2011

IWM

Massive Inverted H&S pattern. Breakout or massive failure? I'm in the camp of too much too fast....Looking for a false breakout above 87.50 and getting buying puts.