Wednesday, October 1, 2008

CMP, DUG - 01 Oct 2008

A few trading ideas I have. Commodities is still in a bear trend and it remains guilty untill proven.

The first one is CMP, a fertilizer and mineral salt play. Target for reversal is around 54-56. If it goes above that, wait for a rollover before shorting.

The second one is DUG, an etf for shorting oil services. We will use the DIG as a reference to decide when to buy DUG. If you see Crude Oil prices weakening and dollar getting stronger, get some DUG. I target DIG will reverse at around 67 to 70. If it goes above that, wait for it to rollover shorting.


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