Tuesday, July 18, 2006

BA-OSX- trade 7-18

Market View:

Additional noise war speculation on Oil Services but rather watch the 200 day mva—as a support level.

Like this short to be continued but would like to avoid the war noise that can be distracting.

Regardless…watch the OIH closer to 200 day mva of 138

BA: a daily buy on technical signals watch for trading pullbacks before adding to accumulate and build on strength. – News helps the case but a substance trade based on indicators as well.

Deeply oversold near-term, 50 day at 83 as resistance level. Accumulate close to 74 level.

BTU: further short for a quarterly play…extended and quick entry. Exit on shorts.

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