Better than expected Monday

Trade Candidates for the Day
Open ones: PCR: if falls on high volume, see second hammer in past three bar; TEX: mind the 25 July earnings report; RIO: no great risk ($50 altogether), exit of doubled (+$50).
Candidates: BHP: only if market is super fine; CENX: possible shooting star just formed but no volume; ISRG: possibly some profit taking to come first; SCHN: doji below in sideways trading; TEF: gapped down on quite strong volume. TTC-A/WFT: earnings today

Trade Session Notes
Nikkei...17963.64...-194.29...-1.1%.
Hang Seng...23365.56...+73.66...+0.3%.
FTSE...6606.10...+20.90...+0.3%.
DAX...7863.02...-11.83...-0.2%
VIX Close on 20 July

CBOE VIX

16.95

1.72

9:56:06 AM MO: Slightly Bullish

CBOE VIX

16.79

-0.16

Market	Adv	Decl	Unch
Nasdaq	3,058	1,690	210
NYSE	1,780	934	135

10:23:09 AM MS: offensive

CBOE VIX

16.88

-0.07

Market	Adv	Decl	Unch
Nasdaq	2,787	2,325	233
NYSE	1,617	1,199	123

10:59:34 AM MS: bullish

CBOE VIX

16.59

-0.36

Market	Adv	Decl	Unch
Nasdaq	3,208	2,139	228
NYSE	1,759	1,125	119

11:00:58 AM Made a trade for WFT JAN 2008 60 Call at market (filled at $5.9).

11:25:28 AM MS: slightly bullish

CBOE VIX

16.57

-0.38

Market	Adv	Decl	Unch
Nasdaq	3,281	2,220	223
NYSE	1,744	1,168	115

11:52:06 AM MS: slightly bullish

CBOE VIX

16.6

-0.35

Market	Adv	Decl	Unch
Nasdaq	3,294	2,302	233
NYSE	1,726	1,201	120

12:54:36 PM MS: bullish

CBOE VIX

16.5

-0.45

Market	Adv	Decl	Unch
Nasdaq	3,477	2,262	228
NYSE	1,803	1,164	108

Open Trades as of EOD 20 July

Live

Symbol	Description	Stock	QTY	Cost Basis	Total c/b	Price	Market Value	Gain/Loss
PCRJP	PCR OCT 80 Call	71.88	1	$5.20	$520.00	$4.20	$420.00	-100.00
Target 200$ Gain Exit if 1. WR dips under -20 on volume or goes under 7105 on vol
RIOHR	RIO AUG 57.5 Call	50.97	1	$0.45	$45.00	$0.36	$36.00	-9.00
Target $5794 or $100 or time exit at 30 July

Virtual

TEXJS	TEX OCT 95 Call	$90.96	1	$6.60	$660.00	6.2	$620.00	($40.00)
Target: $94,85, next earnings 7/25/2007