SKF: Bought @ 108.50

[[SKF]] This is a smaller position size, as I am building a position in the name.

Thanks to Amazon.com, Inc. [[AMZN]] my week is off to a great start. I got in about the same time Alpha did, and would like to thank him for highlighting the trade over the weekend.

If you look at two of the charts I posted last night, you can clearly see how well charts work.

AMZN – BTFO of a huge triangle pattern

GEOI – bounced perfectly off the 200 MA

Charts win again.

Top Pick: Research In Motion Limited (USA) [[RIMM]]

If financials look weak short Lehman Brothers Holdings Inc. [[LEH]] , or buy SKF:

If tech looks strong, I like Alpha’s pick Amazon.com, Inc. [[AMZN]] :

If oil looks strong get long USO, or GeoResources, Inc. [[GEOI]] :

Monday:

• Capstone Turbine Corporation [[CPST]]  
• Excel Maritime Carriers Ltd [[EXM]]  
• Fluor Corporation (NEW) [[FLR]]  
• LDK Solar Co., Ltd. [[LDK]]  
• McDermott International [[MDR]]  
• PDL BioPharma Inc. [[PDLI]]  
• Petroleo Brasileiro SA (ADR) [[PBR]]  

Tuesday:

• Dendreon Corporation [[DNDN]]  
• GigaMedia Limited [[GIGM]]  
• JA Solar Holdings Co., Ltd. (ADR) [[JASO]]  
• NVIDIA Corporation [[NVDA]]  

Wednesday:

• Canadian Solar Inc. [[CSIQ]]  
• Deere & Company [[DE]]  
• Dr Pepper Snapple Group Inc. [[DPS]]  
• GeoEye Inc. [[GEOY]]  
• [[M]]  

Thursday:

• [[RICK]]  
• Sociedad Quimica y Minera (ADR) [[SQM]]  
• Syneron Medical Ltd. [[ELOS]]  
• Wal-Mart Stores, Inc. [[WMT]]  

Friday:

• Abercrombie & Fitch Co. [[ANF]]  
• J.C. Penney Company, Inc. [[JCP]]

Before I wrap things up today, I wanted to give you a brief snap shot of the DOW. Are the Bulls Back?

I like my chances going long oil over the weekend.

—-

On a side note: Danny and DPeezy talked me out of my bet on Sirius Satellite Radio Inc. [[SIRI]] , thanks guys I feel better already. My gambling side started to take over and needed to be reminded that anything can happen, including dirty stops. The reason behind the trade was I got ping’d from a reliable source that SIRI was in play, and I also read this. Still, no reason for a big bet, so I kicked out 5K shares for a penny higher, holding the rest.

I’m also holding Research In Motion Limited (USA) [[RIMM]] & Valero Energy Corporation [[VLO]] over the weekend, while taking profits in Buffalo Wild Wings [[BWLD]] @ 36.75.

All in all, today was a good day, a big thanks to RIMM.