Last Chance For Earl

If you missed the run in oil the past few weeks, you may get another chance to get in. I like Oil right here, right now, provided we stay above the 50 Day:

Note: Long DXO & WTI

GDX, the gold miners ETF, is on the verge on breaking out (hat tip to JakeGint). I will be watching for a breakout above $38.90.

I will also be looking for a breakout in AUY above $9.70:

The solar arena look ready for takeoff, it just has the feel of MoMo. This morning I dipped into a little LDK, and also upped my position in JASO around $3.40.

My favorites in the group: JASO, YGE, TSL, STP, & SOL.

Grab you some sun.

I bought JASO @ 3.24

Now looks like a great time to take a stab at GS on the short side. The stock hit resistance near the top of the channel right at the 200 day moving average. Most likely, the stock will pull back to the 50 day, or maybe even back to the bottom of the channel.

Disclaimer: I bought some puts in GS today.

In case you missed the comment from T MOE:

“Crazy action in the April put options for WFC. The April 11 puts have traded over 126k contracts. Someone knows something here. Leads me to believe that WFC is in trouble. Maybe the stress test is not going well??? Who knows but that is insane action in those puts”

I bought more FAZ @ 22.80 & more DUG @ 25.95

Strategy going forward:

I will keep my positions in DXO & WTI while bulking up on DUG here. Once the pullback is complete, I will scale out of DUG and buy more WTI.

My positions in C & GE, avg. basis $1.50 & $6 respectively, I may hold long term just because my basis is so low. However, I will bulk up on FAZ to hedge.

As far as GOOG, just give me a pullback, I will be buying more. I will also be looking for a pullback in JASO to take a position in the name.

And, as always, you can catch my intraday trades in The PPT.