Eating Crow On Solar, But CAP Will Be Eating Something Worse

I took Alpha’s advice and decided to clean my car instead of watching this sick tape. I could careless about the market at this minute, because the only thing that matters is the final hour of trading.

Today I fell victim of a sector downgrade as somebody decided that solar stocks should trade to zero. Nonetheless, I added to my First Solar, Inc. [[FSLR]] position @ 97.

Maybe I’m wrong to be in the space, maybe it doesn’t matter that Obama is for Solar, maybe oil trades to zero and nobody has any use for solar panels. Regardless, I’m fully prepared to take my losses like a man should I need to.

Now that I have that out of the way, the market will trade higher this week, much higher. AND, it is important that we as a community hold CAP to his words. Because a man ain’t shit without his word.

In the meantime, go clean your car and come back an hour before the close.

1. National-Oilwell Varco, Inc. [[NOV]]
2. W&T Offshore, Inc. [[WTI]]
3. Apple Inc. [[AAPL]]
4. Google Inc. [[GOOG]]
5. Freeport-McMoRan Copper & Gold Inc. [[FCX]]
6. First Solar, Inc. [[FSLR]]
7. JA Solar Holdings Co., Ltd. (ADR) [[JASO]]
8. [[SDP]]
9. Visa Inc. [[V]]
10. MEMC Electronic Materials, Inc. [[WFR]]

Note: In order by position size

Note II: I hate FCX with every bone in my body, but refuse to sell down here.

From now on I will become the 3:30 trader. Nothing matters at the open, nothing matters in the afternoon. The huge swings always happen 30 minutes before the close.

Today i was up over 20% in JA Solar Holdings Co., Ltd. (ADR) [[JASO]] , but failed to take profits. Why? I actually thought we could sustain a rally, ha!

I know I said it before, but I’ll say it again, be quick to take profits and quick to take losses. Matter of fact, just take an extended vacation and forget about the stock market.

8,200 was breached at the close, it will be interesting to see how tomorrow plays out.

Damn, today sucked.

Note: My biggest winner today was Devildog’s top pick [[SDP]] , sad.

Apple Inc. [[AAPL]] & Google Inc. [[GOOG]] do not belong down here. If you believe the market is heading higher, these are two great names to get long. I bought some GOOG @ 338.

The refiners also look good for a trade, as they have been showing signs of life this morning.

Buffalo Wild Wings [[BWLD]] & Chipotle Mexican Grill, Inc. [[CMG]] are two are a few of my favorite stocks right here.

Top pick: JA Solar Holdings Co., Ltd. (ADR) [[JASO]] under $4.

Monday:

• Arch Coal, Inc. [[ACI]]
• Buffalo Wild Wings [[BWLD]]
• CF Industries Holdings, Inc. [[CF]]
• Sohu.com Inc. [[SOHU]]
• Verizon Communications Inc. [[VZ]]

Tuesday:

• Apollo Group, Inc. [[APOL]]
• Compass Minerals International, Inc. [[CMP]]
• HONDA MOTOR CO., LTD. (ADR) [[HMC]]
• Occidental Petroleum Corporation [[OXY]]
• Smith International, Inc. [[SII]]
• Under Armour, Inc. [[UA]]
• Valero Energy Corporation [[VLO]]
• Walter Industries, Inc. [[WLT]]

Wednesday:

• Agnico-Eagle Mines Limited (USA) [[AEM]]
• Alpha Natural Resources, Inc. [[ANR]]
• [[CME]]
• Corning Incorporated [[GLW]]
• First Solar, Inc. [[FSLR]]
• Garmin Ltd. [[GRMN]]
• Hercules Offshore, Inc. [[HERO]]
• Legg Mason, Inc. [[LM]]
• The Procter & Gamble Company [[PG]]
• Symantec Corporation [[SYMC]]
• Tesoro Corporation [[TSO]]
• Visa Inc. [[V]]

Thursday:

• Akamai Technologies, Inc. [[AKAM]]
• Apache Corporation [[APA]]
• Chesapeake Energy Corporation [[CHK]]
• Dynamic Materials Corporation [[BOOM]]
• Electronic Arts Inc. [[ERTS]]
• Exxon Mobil Corporation [[XOM]]
• Genco Shipping & Trading Limited [[GNK]]
• IntercontinentalExchange, Inc. [[ICE]]
• Massey Energy Company [[MEE]]
• Motorola, Inc. [[MOT]]
• Sequenom, Inc. [[SQNM]]
• Southwestern Energy Company [[SWN]]

Friday:

• Chevron Corporation [[CVX]]
• Goldcorp Inc. (USA) [[GG]]
• KBR, Inc. [[KBR]]

Here are a few picks for you:

I would be buying National-Oilwell Varco, Inc. [[NOV]] here if I did not already have a full position.

I also want to be long solar going into next week and the election. JA Solar Holdings Co., Ltd. (ADR) [[JASO]] is cheap here, my guess it won’t be under $4 for long. You can also buy the group via [[TAN]] . Don’t forget First Solar, Inc. [[FSLR]] reports next week, and Obama loves alternative energy.

If you don’t have an indepent oil & gas stock, you might want to grab one while their on sale. My favorite are W&T Offshore, Inc. [[WTI]] & Denbury Resources Inc. [[DNR]] .

If your looking for yield, go with Chevron Corporation [[CVX]]