The Momentum Train Forges Onward

What about oil? It’s out of favor and no one is thinking about it, with oil sub $100. Perhaps it’s a good time to buy now, before the driving season begins, just prior to the beginning of mind numbing inflation? Of course the latter part of that statement was meant in jest; but truth be told, many a good oil stock has been driven down lately.

I like FANG, CXO and CLR. KOG has been battered too and might be worth a shot. But don’t expect miracles, at least not right away.

I want AFOP to sell off today. While it’s true that China might be slowing for them and their CEO can hardly speak a lick of english, it’s rumored that GOOG is a 40% client of theirs, building out a massive fiber optic network with the aim to control the internet. If they executed correctly, earnings could be much better than expected this quarter.

Other stocks on my long term wish list include: FEYE, YELP and TWTR.

I have a bunch of biotechs on the front burner, such as CLDX, PRAN, RGLS, RMTI and CEMP.

I have about 20% of my assets in cash and would love to see a big pullback; but I’m probably gonna have to buy into the rally, as the catalysts for a pullback lack teeth. The market is running because it is the path of least resistance. Sometimes it’s easier to place your emotions aside and simply go with the flow, until it stops working.

NOTE: Capesize rates rebounded sharply today to over $15,000 per day. However, they are down from $42,000 since XMAS and is certain to have a negative affect on earnings. Just an FYI for those of you holding bulkers into earnings.