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September 12, 2008

Oil and Ike

Filed under: Finance,Media - 12 Sep 2008

Today (even the past few days) has been interesting to watch how oil reacts to Ike, the hurricane, not Turner.

The AMEX Oil Index (XOI) is up almost 2%, but oil ETF USO is down a half percent.  I recognize they …

August 30, 2008

Book Review: Profit From The Peak

Filed under: Reading - 30 Aug 2008

Wiley Publishing sent me a copy of Profit from the Peak a couple of months ago and I finally finished reading it while on vacation a couple of weeks ago.  …

August 15, 2008

Sold Oil ETF USO Naked Put

Filed under: Finance,Stock Picks - 15 Aug 2008

I bought 100 shares of USO (an oil ETF) at $99.00 and sold a September 98 covered call for $6.80 in my IRA a little more than two weeks ago.   I’ve watched the price of oil fall fairly steadily since then.  Around the …

August 9, 2008

Oil ETF USO Chart – August 8, 2008

Filed under: Finance,Stock Charts - 09 Aug 2008

I charted USO this morning to get an idea of where the price of oil might find support.  Don’t get too excited when you see these numbers, USO and the price of oil are not equal and do not move …

July 13, 2008

Oil ETF – USO Chart – July 11, 2008

Filed under: Finance,Indices,Stock Charts - 13 Jul 2008

I’m charting the oil ETF USO again after I last charted USO at the end of May.  I drew a few trend lines then and as our (those who eat and drive) bad luck …

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