Here’s a stock that could rise because of Katrina
The DJIA
Shorts were fired yesterday when the DJIA broke the lower
channel line of 10423. The stops are set at 10417 at this time. Selling is
continuing this morning. Â The environmental factors occurring in the
aftermath of Katrina are truly chaotic at this time, I am relying on the system
to keep me on the right side of this market. Short/profits
OIL
We are witnessing a little selling this morning. I am
maintaining my short bias. Short/loss
Equities
(
OII |
Quote |
Chart |
News |
PowerRating)
Oceaneering International is one of the companies that stand to
profit heavily from Katrina’s destruction. It is up nicely this morning
and I will be buying at 50.27 on the next wave up.
I am maintaining all my stock positions at this time.
Best wishes in the market!
Dave G
David S. Goodboy (marketsurfer) has been
trading professionally for over 14 years. Mr. Goodboy trades ETF’s, stocks,
index futures, energy futures and options. His primary focus is a unique
multi-time frame index trading system based on a combination of time/price
cyclical studies and statistical models. David was a trader/partner with
Biltmore Capital, traded with an option arbitrage firm, and is currently in the
launch stages of IntrendX, a global multi-strategy fund.