Thursday, March 22, 2007

When should I short XLE , OIH ?

I did put / call signals... … Here’s six ....….I'm using the following prices to strategize puts on XLE...


Take all six oil companies together, and when they converge on my 80/20 targets, Then it’s time to SHORT XLE, SOLAR, NAT gas, Utilities, OIH,,,

Cvx…74.4 should fail at 74.4 double top,…Eps trend down since dec…
80/20 put at 74.4 makes profit…

MUR 80/20 ... PUT @ 57 .... 90/10 ...@ 59… put makes money at this entry..Louisiana Oil back on fire….

UPL ....80/20 ....PUT 52/53..... eps trend , dn from 6 month’s ago…
200 day = 51.1 ....currently a little above 200 day...200 day failure any moment…

SU ...90/10 .... PUT @ 74/75 ..makes money at this entry price... Eps trend last 6 mo’s disaster…

TSO deserves $90…eps trend up 30% , since oct…above $90..is speculation…a 17% pullback from wherever it’s high reaches, will be an xlnt entry point…
Example... 101 ( enter into calculator) hit minus key…(enter 17) hit percent…( should equal 83.83).... 80/20

Xom no eps change, should match last high 90/10….or beat it 70/30..

5 comments:

Anonymous said...

ZEE... Oh sh#t, I bought SU April 75 calls @ 3.50 near end of day Wed. I noticed it,s up .43 A.H. on Yahoo. Do you think it's up short term ,ie, did I buy too soon?...Ski

zstock7.com said...

SKI
We may have both messed up..I bought the apr 75 PUTS , too. I'll just have to watch... usually XLE group is down on FRI..but this fri.. feels different.. I'm 50/50 XLE down on fri. Good news is .. If we get creamed....Monday or Tues XLE will get slaughterd..at least a 3% correction, before starting upwards again....Chance to try again...and SU will be at 74/75..= 200 day...that's the correct PUT signal..
Also, It's very important, to determine this cycle, when XLE tops, because that will signal the market top...It's called connectivity...GDX signaled feb 26TH..This time it will be XLE...
keep working GPI FCX and now PCAR..I have identified 90/10 their numbers...

Anonymous said...

Z....... Thank you for your input. Keep fighting the goog fight!..SKI

JakeGint said...

Zee-- I have SU 200 Day EMA at 73.69... may not get to $74, given the last two day black candle spinning top exertions on lower volume:

http://stockcharts.com/h-sc/ui?s=su&p=D&b=5&g=0&id=p57659148058

zstock7.com said...

ok jake, any 200 day , should be ok...
thanks,
zzz

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