Saturday, July 18, 2009

Current Positions - Economic Dallience

Long Term Calls
GE
INTC
Holdings
Penn West (canadian oil trust)
PALM
XTXI
YHOO
Money Markets (55%)
Market - reinforcement
Markets will dally around 9000 into Labor Day
Obama's plans are holding and working slowly
Obama Detractors speaking louder and convincing "the sheep" not working
Markets will test or make a retracement lower - for accumulation before advancing
Market potential - 10,000 vs 7500 by jan 2010
Oil - $75
Canadian Dollar - moving once again toward parity (Hence Canadian Oil Trust)


2 comments:

CH said...

Hi Peachin
Saw your post on Slope of Hope which I rarely visit any more.

Moo an active trader who I met on the Slope started an excellent blog and it would be great if you could come by there sometime.

www.bluechipbulldog.blogspot.com

Good luck and good travels,
ChauncyHerbie

troy said...

Do you employ stop losses? (particularly on the calls?) Very nice blog.