Not Sure What To Do

When I look at the charts, I am still seeing a number of great looking short setups, which has me cautious here. The PPT gave the signal to go long on Friday, Fly is giving the signal to buy stocks, so I guess I need to man up and buy something.

I went ahead and added to my position in Research In Motion Limited (USA) [[RIMM]] @ 66.50, and like the stock for a trade to $70. I am using the 100 day moving average as my stopping point in case the market gets murdered.

Note: My screens are producing little to none as far as long setups, which also leaves more room for caution. One thing is for certain, never bet agaist The Fly’s brain, aka The PPT.

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The Saints just won the SuperBowl!

What a game that turned out to be, the onsides kick after halftime was insane! And, then the interception by 23 year old Porter, from Indiana, to pretty much seal the deal, INCREDIBLE!

[youtube:http://www.youtube.com/watch?v=xOjBcAcKyuA 450 300]

I love the play calling by coach Payton, and am proud of my boys for winning it all. I’m still in shock, and still trying to recover!

Hopefully I can get some work done tonight and bring you guys something to work with. But, for now, Who Dat? Nobody.

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Monday:

• The Andersons, Inc. [[ANDE]]
• Compass Minerals International, Inc. [[CMP]]
• Electronic Arts Inc. [[ERTS]]
• Evergreen Solar, Inc. [[ESLR]]
• Trident Microsystems, Inc. [[TRID]]

Tuesday:

• [[AGCO]]
• Agrium Inc. (USA) [[AGU]]
• Alpha Natural Resources, Inc. [[ANR]]
• Baidu.com, Inc. (ADR) [[BIDU]]
• Energy Conversion Devices, Inc. [[ENER]]
• EOG Resources, Inc. [[EOG]]
• NYSE Euronext [[NYX]]
• Vulcan Materials Company [[VMC]]
• The Walt Disney Company [[DIS]]

Wednesday:

• [[ATVI]]
• BHP Billiton Limited (ADR) [[BHP]]
• Equinix, Inc. [[EQIX]]
• L-1 Identity Solutions, Inc. [[ID]]
• Level 3 Communications, Inc. [[LVLT]]
• Sprint Nextel Corporation [[S]]

Thursday:

• Akeena Solar, Inc. [[AKNS]]
• Alcatel-Lucent (ADR) [[ALU]]
• Buffalo Wild Wings [[BWLD]]
• Chipotle Mexican Grill, Inc. [[CMG]]
• Coinstar, Inc. [[CSTR]]
• EnCana Corporation (USA) [[ECA]]
• JA Solar Holdings Co., Ltd. (ADR) [[JASO]]
• Panera Bread Company [[PNRA]]
• PepsiCo, Inc. [[PEP]]
• The Cheesecake Factory Incorporated [[CAKE]]
• World Wrestling Entertainment, Inc. [[WWE]]

Friday:

• Ultra Petroleum Corp. [[UPL]]

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[youtube:http://www.youtube.com/watch?v=C5oaq5DirLg 450 300]

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The PPT score is giving an oversold signal, given the accuracy of the damn thing, I think it makes sense to go long here– even before the jobs report. I am buying Research In Motion Limited (USA) [[RIMM]] here, as it sits on the 100 day moving average.

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There should be a pretty clear direction to where the market is heading, near-term, after the jobs report on Friday. If we take a look at the S&P 500, we are sitting right above the 100 day moving average, but below the 50 day.

The bears are licking the chops right now with 50 day moving average up ahead, as that is there chance to go all-in short with a clear exit point if they are wrong. On a move above the 50 day, I think you got to be a buyer of the market here, and a buyer in size.

Get your buy and sell list ready, a significant move is coming.

• Favorite Buy Screen inside The PPT
• Mo-Mo Short Screen
• Kill The Short Screen

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