Oil Trade - 5th Jan 2011 - Oil to head to $110-120 - Successful !!!!

Please refer to my note on 5th Jan 2011 on Oil.


It said - Oil may peak near $120 by mid year.
It is Feb and we are almost at $120.


Lets see if we see the crash before 2012.


Keep an eye.

Long VIX Trade - Successful and On - Going

Pls read my 18th Jan note on going Long the VIX Index.
Since then VIX is up 50% or so.
Stay in this trade as we may see some more action in the coming months.

Oil - Deja Vu 2008

It feels like oil is behaving like it did in 2008.


Press is extrapolating oil to cross north of $200.


It was the same sentiment we saw in 2008 when oil was nearing $140.


It feels like we may see a spike ( may be parabolic ) and then oil has a high probability of crashing down.


Let us keep an eye on this.

Recommended Trades - Short Eqty Mkt

Short CAC Index
Exit at 3800

Short NKY Index
Exit at 10300

Short AS51 Index - Australia
Exit at 4200

Short SHCOMP - Shanghai Comp Index
Exit at 2740

Trade Completed and Successful !!! - Long China

My 7th Jan call on Long China via SHCOMP Index has been completed and has been successful.

Pls see chart below.


Target was 2930 and that was achieved.
The white horizontal line is at 2930.