OXY (07 August, 2010)

OXY is approaching an important support zone, this puppy has been trading in a well defined range...

SPX 980

I spent the night analyzing option chains and concluded that, SPX 980 is a very solid buy if ever it gets there....after all it is only about 45 points from SPX 1024.

From there, SPX could bounce to 1024 then 1050 then 1075 possibly 1100.

XOM (JUNE 28, 2010)

XOM decline is fast approaching a perceived support around 58.5. Below that, 57- 57.5 could offer some support.

Option activity seems to suggest some form of trading range between 57.5 - 60.

Some events affected my trading performance

Recently, some of my family close friends passed away in a car accident....only half the family survived.

This event kinda shocked me for a little while and I felt sad momentarily.

But I already knew how to overcome this sadness.....no problems.... What I did was watch my favourite sad videos all over again to help me get over it.....lol....I am laughing at myself now....

You can try this too if you want to.... Here are the links:
Laura Fabian, Crying Heals the Soul

Copper, Base Metals (May 24, 2010)

Copper and Base Metals daily charts are showing some divergence.

Usually this means a big move is coming, in a bear market this type of setups could end up as a bull trap.

On the other hand, if in fact the uptrend is still intact....then this is a buy signal.

SPX - possible range trading ahead (May 23, 2010)

Option activity on the SPX is indicating a possible consolidation week.

In one of the scenario that I analysed, we could see trading somewhere near to SPX 1100. All indications point to some form of volatility squeeze play. So keep an eye any rapid decline on the VIX.

On any directional moves, it is still fairly early to tell.