Friday, January 30, 2009

Mos Oil

USO, looks to be bottoming looking at the chart. It has bounced off 28.24 a couple of times providing some support. I am long at 28.90 and my out is the 28.22 and I will adjust as it moves up. The 50 MA may provide resistance.


Here is MOS, I went short I am trying to play the range it has been in for the past couple of weeks. It has failed to break out above the 40. I also liked the doji 2 days ago, and a decline the next day. It also is forming what might be the right shoulder of a head and shoulder pattern. My out is 40.50


This is Astoria Federal, its a bank around Long Island and Queens and I used to have an account with them. They stink and the stock market knows it too. I've been short since 11.02 and my out is the orange line at 10.48. Sucks for you Astoria Federal, take that and all your dumb fees you charged me. Karma is a bitch!