The most efficient way to play the Oil Futures game

One of the most efficient ways I like to play the Oil futures game, has nothing to do with future contracts at all. It is with Oil focused ETF's like USO. ETF's in my opinion our greatest financial product to be engineered and the past quarter century. They have proliferated as of late and the market is growing an ever increasing appetite for these products. Well, now that I got all that of the way. Tell me what you think of this chart and the oscillation on USO. It doesn't seem to be able to rally above its 10 week high and sustain. This may mean trouble in the week to come or maybe not. What do you think?

Disney Chart

I was looking at one of my favorite stocks in the entertainment business today because my wife's nephews love this Hanna Montana and High School Musical stuff. And apparently it has been a real winner for Disney according to there recent earnings release statement that suggests great promise from these two brands and there ESPN.com brand. However, as a short-term trader I think Disney is in for a slight correction according to the standard MACD indicator prompted by a run up since its close at 28.12 on Jan. 17, 2007. I think anyone looking for an entry point should what for a slight sell off before buying back in to Disney. Just to get a little bit of a discount. Tell me what you think?

The Market Matrix

Right Now it is 1:01 CST in Texas and I am currently prowling a plethora of analyst reports and finance newspapers to see how I will play the market matrix tomorrow. I sense the market will begin the day higher tomorrow, especially if the Asian markets can muster up a reason to rally after the dismal performance of the markets last week. It has truly been a volatile ride. Some stocks I am looking at are Alliance Data Systems (ADS), Jackson Hewitt (JTX), and Well Care Health, Plans (WCG). Alliance Data Systems is very attractive because the stock was oversold following the Black Stone deal not falling through. The stock has since bounced back nearly 40% of its 52 week low. So my feelings about this stock is based more on a technical argument rather than financial fundamentals. Jackson Hewitt is attractive in my opinion because it too was sold off irrationally because of fears investors had about the IRS reigning in on there beloved anticipation loan business which has rendered the like of them and HR Block millions in revenue. Well Care is another one of those oversold stocks late last year following an investigation by the FBI and the Attorney Generals office in Florida for Medicaid fraud. The stock has since bounced back as those fears of Wellcare losing substantial contracts and facing possible bankruptcy has faltered some what( however it still remains uncertain what will happen).