The Bear is Back!

We are seeing significant breakdowns in all the indices.

My top short pick: [[POT]]

Note: [[GOOG]] looks like it may trade sub $500

Disclaimer: I bought some deep out of the money puts in POT.

Going through my lists of stocks, Solar is green. Currently, my favorite out of the group is [[LDK]]– I actually picked up a few calls this morning. I am also watching [[FSLR]] like a hawk. $270 is a critical level, it can either act as support or a breakdown.

Love LDK over 45.70

Also bought a few June 15 calls for .40.

I missed this one, thanks for the heads up guys.

Live from the Atchafalaya Basin, I interrupt my aligator hunting adventure with a masterful short setup taking place. Out here on the boat, My GPS device is shooting me FSLR short signals. Odd, no?

Will short it under $270

It has a crumbling feeling to it, I sold a bunch of stuff (including solar), and I am now working with a heavy cash position. [[STP]] reports tomorrow, I don’t want any part of it. Forget solar, forget oil, forget this market, but don’t forget to short [[LEH]]

Note: I’m on Vacation.