XOM

XOM Weekly Chart

Bought XOM Call yesterday. Oil companies are making huge profit. I'm sure XOM too. First challenge of 95.00 was repelled. Can it break it on the second try?

EP

EP Weekly Chart

ElPaso (EP) is trapped in a box. Can the bullish sentiment in O&G helps it to breakout out of the box? I'm betting yes. That is why I bought the 19.00 Call.

GLW

GLW Weekly Chart

Which triangle? I see two. I'm anticipating a breakout towards 30. Thus, I bought Aug 30 Call. Hopefully I'm lucky this time. Last time for terrible.

EGLE

EGLE Weekly Chart

My HAL and FRO is doing well. However, QCOM is still not yet moving. I have decided to take another position. This time in EGLE, a bulk ship company. Weekly chart pointing upwards. May have broken the horizontal resistance that I have drawn.

I bought the Jun 30 Call. Hopefully this one can move fast enough to challenge the previous high again.

FRO

Entered FRO Aug Call as FRO seems to have broken out of downtrend (consolidation?) and heading higher. A cross above 50.00 will confirm my buy signal that was given 1 month ago.

QCOM

Ok, my HAL options is doing well for the first few days. HAL is still struggling to break 42.00. Hopefully 3rd time lucky.

I have entered another position in QCOM. My weekly chart gives a buy on QCOM. I'm taking position on QCOM Jul Call. Hopefully, it will announce a good result this Wednesday.

1st Trade of 2008

After stopping for quite some time, I'm back into the US market. It's hard to get back my confidence after a string of losses. I'm trying to ride this rebound. The first trade of this year is HAL. Hopefully it can break 42.00. There are a lot of shorts now, maybe a short squeeze will do the trick. I cross my finger.