Current Newsby InternationalGroupie on July 23rd, 2008 at 7:31 am |
USD/JPY is holding its gains nicely, and have a bullish projection.
In general, USD has a reverse head and shoulder pattern also.
“Even if its deliberate, it will have a great effect on financials today.”
If you are into risky trades that are likely to gain big dough, just ask the brokers of JPM. “The opportunities are there in the financials.” Even if you disagree with the system, taking advantage or being defensive is the only way to win.
Stick with names that are sure to fly:
JPM, GS, FNM, short SKF, short FXP, XLF 24 calls.
FNM will likely get a high of the day early (usually 10 am) so its the riskiest.
As a precaution, if you see the USD/JPY SLIDING, all bets are off. (If it touches 107.3 before 930 all financial bets are off the table.)
(example: yesterday in the morning after the poor results from wb, i still saw insane “money flow” into wb in the morning. Also, with the calls being discreetly bought as the 15calls were bought in chunks at a cheaply 1.10 premium area. I bought 5 for hedge, and it touched 17 yesterday. WOW, definitely market manipulation on the up side)
Next is the 10.35 petroleum data, which is likely to be in the + therefore bearish on oil. A good entry into DUG if this occurs. Even better are select airlines that have good volume, and shorts available, as a ship will theoretically sink slower if some shorts have already jumped off (closed positions).
“Someone needs to update me on Dolly as in Greenland we only have one-way radio for communication.”
As usual, the oil MUST be suppressed for any 3 pt rally in financials. Suppressed, but spikes that don’t last long (if the spikes stick, then we take all financial bets off the table.) Again, why must there be spikes in oil, to blow the Gold investors who usually hedge by shorting oil. I won’t explain this today, so take it or leave a “fu you douche message.”
PS. dont go around buying USU or GE because of the US-India Nuk deal.





(8 votes, average: 3.5 out of 5)







BTU blows the earnings today. How will this play today? Any expertise from FLY,R,W,D,J’s,C’s?
i understand that coal stocks are extremely undervalued, however, will this open “traders’” eyes?
July 23rd, 2008 at 8:06 amI am guessing that “demand destruction is still alive.” so, even with insane earnings, they may increase but not overall as a sector.
In other news, shorting oil gas equipments (ie WFT) if bearish oil data appears may bank more coin than buying DUG. Just buying DUG calls might be the easiest method, we’ll see.
July 23rd, 2008 at 8:17 amkeep an eye on COP to see if investor’s psychology changes on oil+gas equipment co., since …look at COP’s earnings.
July 23rd, 2008 at 8:37 amI’G',
July 23rd, 2008 at 9:18 amNice calls…I like your perception on the YEN/Dollar…
I’m calling for $110-115 oil over the next q or 2.
Peace
bearish oil!!!
July 23rd, 2008 at 10:36 amGuys i work for rating so rate it (copying Mr. Mortgage) (5 or 1 star i don’t give a fuck) at least i would know people read it. good/bad publicity is welcomed.
-i will try to get a habit of posting morning trades, as i am a very short term trader(this is where my expertise lies). I am always too busy, but today i wanted to share a few coin.
July 23rd, 2008 at 8:14 pmasshole
July 23rd, 2008 at 8:36 pm