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Medical Equipment & Supplies

Hidden behind this miserable tape, we can find a few bright spots. Earlier this morning, Medtronic, Inc. [[MDT]] beat estimates giving life to the sector. A few names I like in the space are: CryoLife, Inc. [[CRY]] , Intuitive Surgical, Inc. [[ISRG]] , Volcano Corporation [[VOLC]] , & Becton, Dickinson and Co. [[BDX]]

Healthcare is a defensive sector in nature, so it make sense investors bid these stocks higher. It’s actually a place I feel comfortable putting my money, and will do so. At the moment, I’m waiting for my entry in [[BDX]].

On a side note:

Keep an eye on Alternative energy/solar. Just the other day SunPower Corporation [[SPWR]] announced a major deal that proves solar will become mainstream. However, in this kind of environment investors are not willing to take the risk, and many of the names, in my opinion, are at attractive levels as a result.

I believe in the next few days we will see a strength in this group. My favorite are: SunPower Corporation [[SPWR]] , LDK Solar Co., Ltd. [[LDK]] , Suntech Power Holdings Co., Ltd. (ADR) [[STP]] , First Solar, Inc. [[FSLR]] , Energy Conversion Devices, Inc. [[ENER]] .

Just something to watch.

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GS: Goldman Sachs Group, Inc.

I’m looking to get short Goldman Sachs Group, Inc. [[GS]] as it is breaking through a short term trendline.

What I would like to see: strength at the open, weakness, then short below today’s low @ $159.70. I will be adding it to the BTFD list.

Note: The market is at a critical point right here, should we bounce, I have no desire to short GS. However, should the market head back to the lows, I will bathe in put options.

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Shippers Look Good

In the group, I like Genco Shipping & Trading Limited Genco Shipping & Trading Limited [[GNK]] & DryShips Inc. [[DRYS]]

If DRYS gets over 79.45, I like it for a trade.

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