Tuesday, December 25, 2007

Bullish setup in CVX

CVX likes to rally hard off its 40 week moving average, at least in the last three years (click on chart above). Furthermore, a significant breakout will occur if CVX makes a new all time high over $95. I like the front month $100 calls when $95 is crossed.

And heres an ICE chart thats a few days old, but its still valid:

In more Santa Claus related news, I saw today:

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