Jim's cycle trades

[Jim Smith]

the TLT looks like it's trying to racquire the 200 day ma...I think long rates are headed lower....Housing stocks may also get back in gear.

[Jim Smith]

MBT up against the downtrend line on the daily....good volume.

[DSteckler]

<< I think long rates are headed lower....Housing stocks may also get back in gear. >>

So do I, Smitty. I've been long Rydex US Gov't Bonds (RYGBX) for about a week now and housing stocks for a few months. Long NVR @ 682.50.

[Jim Smith]

NGPS....broke a downtrend on the weekly.....triangle pattern is wide....could have tremendous upside.

[DSteckler]

NGPS also made a stochastic pop today.

[Jim Smith]

ODSY....recent pullback contained at the 200 week moving average.....took a position long.

[Jim Smith]

I still fear a run in crude oil going into March due to Iran....I like the major integrated oils here because, they have the oil. They may decline a bit Tuesday if nothing happens over the weekend....I'll use any weakness to increase positions.

[Jim Smith]

Oil remains the place to be IMO,,,,,also, NGPS is soaring and it's broken out of a huge triangle pattern....also long ORCT and SYNA.....

[Jim Smith]

anyone playing XOM options should focus on the April series, IMO

[Jim Smith]

NGPS acting extremely well....my guess is that the hedge funds see this massive triangle breakout and are adding.....also, FRK is at the bottom of a large symmetrical triangle nicely visible on the weekly chart....if FRK breaks here, I believe it will ultimately fall to $27.....

[Jim Smith]

So, Bin Laden is alive or speaks from the grave? Whatever the case, I think the terrorists are about to try to use our markets to pick up a little pocket money...In August before the 9/11 attacks, I remarked on the EI board I saw serious put option buying in many stocks....No one wanted to keep that discussion alive then, but I bought AA puts on a hunch something big was coming....And it did....I think they're going to try and ramp the oil stocks like they did last February either with rhetoric or overt action.

[Jim Smith]

AES...wow, do I like this triangle....my target is $23, soon.

[Jim Smith]

FRK just broke the symmetrical triangle.....there's 10 down from here.

[Jim Smith]

JNJ long....right here on the 50 day I am betting that over the weekend JNJ says BSX, good luck with GDT.....I believe the shares will rally to $65 in early Feb.

[Jim Smith]

Still love the oil stocks....MBT is up against a downtrend line so it bears watching for a breakout.....FLSH still has upside, IMO......But energy is what I am keying on....I believe the Dow is going back to 11000 in February.