Sitting Back and Watching...

The market has been pretty much laterally range bound for the past several sessions. Soon enough, we should either have a breakout to the upside or downside. I prefer not to gamble so I will wait to see what happens. For a breakout, we need to spike out above the 12400 range and close near the top of the range. For a breakdown, any downward thrust below 12,000 with a close near the low will do. Stay tuned.

Watching: ZBB

Back to the Grind

been busy with so much (engagement party, school, work, etc) that I haven't had time to post. I have been putting in some trades here and there, but rather conservatively due to the recent spike in volatility. Some of the highlights have been a few quick day trades in stocks such as BDCO, ROYL, TGC, etc. I had played most of these back in the summer 2008 for sizeable gains during the last huge oil spike. Another interesting oil stock to watch is LEI. I jumped in on its initial spike two sessions ago and will continue to hold on.

Also Good: BRNC, UDRL, GMET, GPL