There’s not much on my immediate buy list here, but I like how the market is digesting recent gains. This action is healthy, and I still believe we will see another leg higher before a pullback that will take us back to 1300.
The portfolio is down today, thanks to the folks at $GNK. However, at one point today the port went positive, thanks to a spike (that faded) in $RENN and a nice move in $GIGM. The $AMZN puts also helped this morning, and sold them near the open to lock in some profits.
I’m not sure what I will do with this GNK, the other shippers are showing some relative strength, so I may hold a few more days to see what I can get back.
I still think the best place to put your money is anywhere in the precious metal arena, I’m currently long $EXK, $RGLD, & $FSM.
Here are a few other names on my watchlist: ADY, ARAY, AVL, CAM, CENX, DK, FIO, FOSL, GS, LNG, & MMRIf you enjoy the content at iBankCoin, please follow us on Twitter