Back on the Air Monday Trade OXY
Published: Mon, 12/22/08
Well, on the air, but still setting up shop, This will be a slow week of trading, Today i will finish up the 10-1000 watch list.
Markets are holding up so far today, I do'nt have all my tools up and running yet, but soon, early this morning i noticed the telephones VZ and T holding great strength, then when market bounced these pushed to new highs. That was a great example of a relative strength trade.
I am starting a position back into OXY today by buying 3 contracts of SSF (single stock futures) of OXY, basically this is like buying 300 shares of OXY. I will go more into SSF in the watch list
MSFT moving up and showing strength
Trading will be very light on my side today as even one day out of the markets takes me time to get back into the groove