Tug of War

As you can tell by putting up a daily chart of the DOW, it was a tug of war bonanza. The good news is, we are now getting news we expect, the jobs report was bad, but we expected that. When things get unpredictable is when you need to worry.

I hate to say it, but we might have some sort of a short term bottom. P/E ratios are reasonably low, stimulus checks are going out in May, it may be time to get drunk and buy stocks again.

Stay tune for some weekend links and ideas.

Note: The iBC machine never lies

[[MELI]] Bustin’ Loose

Just buy something!

It seems the bulls want it more, and stocks are ripping! As I said earlier, I like [[BIDU]], [[MELI]], & [[VMW]] right here.

Also, take a look at the consolidation in [[V]], if this puppy can break $65, next stop will be $70.

Note: My [[CHNR]] trade is working out pretty good, still long.

Note II: Watch [[GHM]]

[[FSLR]] 52 week high is $283

With the bad jobs report, the bears have good reason to take the market lower. However, all bad news is good news in the eyes of the bulls, so it looks like we might play tug of war for a while.

I will leave the trading up to you today, on days like today I normally get whipped around by mother market.

As I type, the market is moving higher. It looks like the fat kid fell on the bears side, but look for him to get up and start pulling right back.

If I was forced to go long, I would look @ [[VMW]], [[MELI]], & [[BIDU]]

Earlier today Juice asked, “If anyones got any Chinese Lotto picks dusted off, share them please.”

How about a little [[CHNR]], this one is known for making huge moves. keep it on your radar: