Originally posted by R.Cox
1.Last week’s rally in Oil
completes another series of higher lows and with manufacturing in China and the Eurozone showing improvement, I will be looking to enter into 1 week CALLS if prices trade at 88.50
, looking for a medium term break above $92.50. Shorter term, caution should be exercised if we see major declines after hitting the 90 level, as this could be a stalling point.
2. The latest sales performance in Cyber Monday presents some very bullish arguments for online retailers and with many company’s overvalued on an earnings basis, I will be looking to get into one month CALLS in eBay at current levels (above $50)
. With a price to earnings ratio of 18, the company is well positioned to capitalize on the changing behaviors of the American consumer.