7/6/2005

Finally the market is starting to realize oil is hitting our pocket books. However, I just don't think the bears are out lurking around. This market is still a bull market, because the number of new hi has been oupacing the new lows for weeks now. Today, day traded kbh for +.10/share, didn't like the action at the end ( this homebuilder was up while all the others were down about ~1%) couldn't find any news thus sold near the end to be on the safe side if we jump tomorrow. Will watch again for a short position. Other than this stock, I just watched oil headed upward and the oil stocks taking profit. Tomorrow should be choppy with the oil inventory number and the anticipation of the job numbers.

Trades: daytraded kbh
Current unrealized g/l:
cof +0.03/share
tso -0.50/share
wtw -0.10/share
ovti -0.80/share