The oil stocks are listed for reference because the actual prices are so far away from where I would like to get an entry. I am hoping for a sharp correction when it comes and the spring demand slumps.
COP - $112 Conoco Phillips
Conoco is my first choice for an oil stock once the current trend eases. I would like to get an entry around the 100-day average now at $90 but rising. This has been a good support level in the past.
OXY - $71.35 Occidental Petroleum
OXY would be my next choice with the same 100-day average as an entry point. That is currently $59.
SUN - $98.49 Sunoco
Sunoco has a very nice chart with a slow and steady upward climb. I would hope to get an entry around $85 but it could be several weeks away.
WMB - $19.28 Williams Companies
Williams would be my cheap leap candidate due to its low price. Target a drop back to $16 and the 100-day average.
FDX - $98.49 Federal Express
Target $96.00 for an entry on the next pullback.
2006 $100 LEAP Call WFX-AT currently $7.80, target $6.50
SMH - $34.45 Semiconductor Holders
Target $35.50 as a breakout entry
2006 $35.00 LEAP Call YRH-AG currently $3.70
JNPR - $21.63 Juniper
Watch Juniper for an entry at $20 but no strikes yet. We want to see a base built or at least some evidence it is not going lower.
XMSR - $28.72 XM SatelliteStrong support at $25. We will look for a bottom to form before deciding to enter.