(ISRG: 330.87 +18.07%)

Chart Toppers

High Volume

What is going on here? (AMZN: 70.01 +3.00%) & (BIDU: 288.5601 -1.30%) release numbers after the bell and the internet group is on fire. Will the reports be good?

Earnings Announcements for today

(BWLD: 30.45 +4.07%)

I bought this when oil was beginning to correct, it turned out to be a great trade. I’m still in my other oil correction trades (HA: 9.57 +2.57%) & (HOC: 29.01 -4.26%).

Note: My (AAPL: 166.33 +2.66%) is coming back to life.

Caution: We have now rallied right back up to the previous lows set back in the beginning of ‘08, this could be a stopping point. If not, it’s right back to the 50 day @ 12,000.

Buy the dip, set stop @ 200 MA

We Finish the day Lower.

Long USO @ 103, Short ENER @ 65.70

(USO: 100.07 -3.15%) , (ENER: 65.92 -2.72%)

Short Oil continues to work, but for how long? Alternative energy stocks are getting killed take a look at (FSLR: 258.77 -2.88%) & (CSIQ: 27.89 +0.40%), however (CLNE: 13.24 -4.61%) & (GU: 12.35 -1.83%) remain in the green. Odd, no?

Has the game plan reversed course? Is it really long the banks, short oil?

One could buy an (HK: 33.735 -7.58%) or (CHK: 47.42 -7.20%) at these levels, but to me it make more sense to pick up a refiner here.

Are you a buyer of oil here?

Note: (ENER: 65.92 -2.72%) looks next in line to fall, I’m all over it below the 50 MA.

Did I mention that I love (HA: 9.57 +2.57%), and hate (CRM: 65.05 -0.96%)? This morning I caught a delightful downgrade in CRM helping my short position bank coin. I also have HA busting out to fresh highs.

Did I mention that you need to look at the refiners? Check out (HOC: 29.01 -4.26%) & (VLO: 33.58 -4.76%)

Did I mention I held (AAPL: 166.33 +2.66%) through earnings? That was a mistake.