2/7/2006

Another mixed trading day, because as the oil dropped the market didn't pushed higher as usual. The market is still lingering along the support lines waiting for buyers to push it higher. As the oil dropped, I took the opportunity to long sun at 80.36, and will continue to buy more tomorrow if it drops further. The oil dropped also caused the NG to dropped further which took out all my gains on dvn. But, this dropped was expected after all the Iran hyped has been factored in and all the traders are taking a bit of profit. I do not know how the market will react to the cold front coming this weekend, maybe a bit of buying for tomorrow or Thursday. Anyway, this consolidation in the energy sector is a buying opportunity to me and will be on my watch till the end of the week.

Longs unrealized g/l:
dvn -.10/share
sun 0/share

Shorts Current unrealized g/l: