Futures are rather hilarious tonight, aren’t they? We were ripping thinking there was going to be a deal all week. Then, all of a sudden, we’re giving back half of the week’s gains overnight. The futs are fighting back a bit seems, but they’re all still down 1.50%. It’s a little shocking to me how fast this rally has turned into a bear’s paradise, considering how risk on traders have been. Who knows though, maybe we open in the green.

I would think gold would be up, but perhaps with the expiration of the bush taxes, everyone will go to cash. That’s a novel way to manage inflation I guess? I was looking to find you guys some good picks but I’d guess that TZA  and the FAZ Mobile are going to rip faces off.  Here are my picks anyways, both long and short.

Long: AFL,WGO,PII,THO,DW,CLS,FLEX  and courtesy of “Honolulu Trader” TLR

Charts here

Short: QIHU,CRWN,MATW,CRH,ASBC 

Charts here

I also like GOOG too, but that is @RaginCajun’s baby.

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