The dollar is down and oil is up; therefore, stocks will likely trade higher today. Most of my positions are green, merrily swimming around in a shark free environment.
Early this morning, MWA, caught an upgrade, effectively pushing Senor Tropicana in the black. And, as you can see, FNSR does not go down.
For the most part, I’ve got my positions worked out, sans and semblance if a real asset allocation program. I will be using strength to reshuffle my positions, in order to slow down my beta. My number #1 pick is still GLW, based upon robust LCD sales, worldwide. In my opinion, I think the stock prints $18, maybe $20.
Bottom line: If you are stupid enough to be short stocks today, you are playing with fire. All of the ingredients for a break the fuck out tape are present.
Trade accordingly.
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