I made two buys in SKF this morning, one @ 118 & one @ 116. I let some go here as the market seems to be holding up well.
Oil cannot seem to gain traction, and “natural gas is a scam”–says Fly. Chesapeake Energy Corporation [[CHK]] will be the death of me, but I can’t help but think it’s cheap here.
I just added to my position in Research In Motion Limited (USA) [[RIMM]] @ 127.20. Also, take a look at the strength in Apple Inc. [[AAPL]] . Is money really rolling into tech?
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The Nasdaq is now positive.
USO is now Negative.
i got long October QQQQ calls 2 days ago. looking good right now. QQQQ’s seem to be trending up and looking like the strongest index. Stop is in place for when the QQQQ is roughly at $46.
Don’t forget about Iran. That is what drives oil in bizarro world. I bet the $4bux today is due to the saber rattling that I mentioned in the PG.
I still have a feeling the Naz will test its 200DMA before we get another leg down…Buying some pullbacks today…