I probably won’t sell a whole lot today, mainly because I am stubborn in my bullishness. I am embedded in this market until pigs fly. However, some of you lesser folks out there may want to book some gains here, just in case.
I am looking forward to earnings out of Jarden Corporation [[JAH]] tonight. They should be a blowout. And, look for the company to discuss plans to market a single server coffee maker, licensed from Green Mountain Coffee Roasters Inc. [[GMCR]] , under the venerable Mr. Coffee brand. Thus far, sales out of Bed Bath & Beyond Inc. [[BBBY]] and Sears Holdings Corporation [[SHLD]] have been terrific. There is not reason to believe Jarden Corporation [[JAH]] will disappoint.
The metals are surging, based upon reports of “restocking inventories.” For more than a year, inventories have been lean. Look for businesses to restock on steel, copper and other metals, forcing capacity utilization rates higher. Firms like United States Steel Corporation [[X]] and Nucor Corporation [[NUE]] stand to benefit greatly from an uptick in demand.
Tech stocks are surging. My favorite name in the space is TEKELEC [[TKLC]] .
Finally, the dollar is getting trashed, as predicted here by myself and Uncle “fucker” Jake. Gold stocks have my blessing. My fav is Gammon Gold, Inc. [[GRS]] .
NOTE: The Overall Hybrid score is high. How high? Go subscribe to find out, you damn leeches.
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fig.
sell, sell, sell.
back to the fazmobile!
Don’t forget about Martha. She sharpened a shiv just for tomorrows earings
still long
Why would I sell when I am well on my way to riches and fortunes known by few men?
Take profits my ass! SPX 1200 next stop… I might take some profit there.
Bombing at JP Morgan in Athens…. no worries, keep trading it upwards. LOL! I am telling you, Fly, this market has topped. This is your chance to sell. My shorts are underwater right now, but I am not worried in the least. This is a simple short squeeze, but I assure you, it will fail.
shut up. you have zero credibility
Boy, if I had a dime for every time I’ve heard that since last march… None of the others who said it were worried either. You must all know something that the market doesn’t.
FIG, don’t be a moron.
It’s all about the dollar and the Fed’s printing bots (Mintex 3000’s).
You will be trampled by your surety.
_____________
The Fly says take profits. PPT overall hybrid is rising. What else do you need to know?
What is a hybrid score and what are the implications of one being “high”?
Hybrid score is a computerized metric based on a variety of factors, originating from Fly’s calculator brain.
Being high is a normal part of coping with a life you were never meant to live
The chart has been posted many times. When the score is over 3, the market generally drops. When the hybrid score hits 2.2, the market goes up. The chart tells it all.
Have been busy doing some covering today to limit my losses. Still up nicely for the year. My few longs are looking good. I will hold on to a few shorts and wait for the next opportunity to jump in the funnel on a few names
T-Moe: 1
FIG: 0
took all my profits earlier in the month…can u dig it
was expecting to come back today and find carnage. but i am patient i can wait till tomorrow..
Jah Jah –rasta !!! Scooped up the March 30 calls—-got some good action today…..”Good on ya” FLY!!!!
Not done yet. Opex this Friday and many big name stocks are still net short at today’s close.