Memorial Day Video

[youtube:http://www.youtube.com/watch?v=pKUKIzHr51I 600 400]

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Eleven crew members died during the April 20 explosion; 115 were rescued.

Jason Anderson, 35, toolpusher, of Midfield, Texas. He and his wife Shelley have two children.

Dale Burkeen, 37, a crane operator from outside Philadelphia. He and wife, Rhonda, have two children.

Donald Clark, 49, assistant driller, of Newellton, La. He and his wife, Sheila, have four children.

Stephen Curtis, 39, assistant driller, of Georgetown, La. He and his wife Nancy have two children.

Gordon Jones, 28, mud engineer, of near Baton Rouge, La. He left behind a pregnant wife, Michelle, and a son.

Roy Wyatt Kemp, 27, assistant driller, of Jonesville, La. He and his wife, Tracy, have two daughters

Karl Kleppinger, 38, floorhand, of Natchez, Miss. He left behind his wife, Tracy, and a 17-year-old son. Dewey Revette, 48, driller, of State Line, Miss. He and his wife, Sherri, have two children.

Shane Roshto, 22, roustabout, of Franklin County, Miss. He left behind his wife, Natalie.

Adam Weise, 24, floorhand, of Yorktown, Texas. He was not married.

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I wouldn’t buy BP with your money. Click here for a live feed of the oil leak.

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Here are a few stocks I am looking to buy on further strength:

DTV

NTRI

LGF

GMXR

Better get ready for Cane season!

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Solar has been absolutely crushed the past few weeks, with oil bouncing here, it’s time for a little reversion of the mean. I bought [[FSLR]] @ 113.45, with a stop right below $112.

Note: Also bought some call options in [[GOOG]]. All trades noted in the user note section of The PPT

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We are experiencing classic bear market action, however I’m not yet ready to throw in the towel on my longs.

For the last few weeks my positions have held up rather well. I have been in and out of TZA, to protect my downside, and have only been FAS’ed once. My trading activity has been light for the most part, and I am only concerned with building my long term portfolio at the moment.

From my vantage point, the economy is recovering. Just last month everyone was looking for a pullback, and now that it is here, the bulls are tucking their nuts in. I understand we have global risks at hand, and the tape is stupid ugly, but with the right stock selection, there is still money to be made.

Here are my top five positions, positions that I have no problem buying more of on a further pullback.

1.) YHOO (Tech/internet)

2.) ETFC (Financial/investment services)

3.) UCO or ATPG (Energy/oil & gas)

4.) S (Telecom/communications)

5.) CCME (Ad Services/ China)

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After a vicious sell-off, like we had the past 2 weeks, this is one of my favorite screens inside The PPT to find Stocks on Sale (PPT members click link to save screen)

Here are the results:

Here is another screen: Cheap Stocks

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We are not out of the woods yet, but we are extremely oversold. I took a hit in FAS this morning, but closed the position out as I don’t need that headache in these time of uncertainty. I recently bought ATPG @ 11.65 for a bounce, and that remains my only buy so far today.

Stocks on my watchlist include: YHOO, GOOG, RFMD, ETFC, SD, CCME, UCO, TYH, & UCO –most of which I already own.

The russell 2000 broke its 200 day moving average, one of the only indices that has yet to do so. I would not be surprised to see the market close at the lows, but at the same time would not be surprise to see a green close. That is where we are right now– ANYTHING CAN HAPPEN, so trade carefully.

If you don’t have any long exposure, it might be worth it to stick a toe in here. Just my opinion of course.

And, a big HAPPY BIRTHDAY to THE FLY!!

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