Current Watch List
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 - $106 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 $91 but rising. This has been a good support level in the past.
OXY - $71.29 Occidental Petroleum
OXY would be my next choice with the same 100-day average as an entry point. That is currently $59.
CVX - $58.30 Chevron Texaco
Looking for a new entry around the 100-day average currently at $55.
WMB - $17.90 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 - $99.66 Federal Express
Target $96.00 for an entry on the next pullback.
2006 $100 LEAP Call WFX-AT target $6.50
JNPR - $22.37 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.
SMH - $33.52 Semiconductor Holders
Target $33.00 for entry on a dip
2006 $35.00 LEAP Call YRH-AG currently $3.70