SOMETHING IS BREWING BENEATH THE SURFACE

Don’t let this boring tape fool you. There are big things happening in a number of areas, such as stabilization of bonds and REITs, outperformance in small cap stocks, chinese stocks are ripping off chest hairs, oil is threatening to break towards $110, gold and silver are rebounding and the 3 year long Brent dominance over WTI is over. Let’s not forget the massive melt up in the Dry Bulk Index, spearheaded, allegedly, by big demand for iron ore in China.

I must admit, these ingredients make for a very bullish tape and I’d be hard pressed to find reasons to get defensive here.

It’s business as usual and being able to pick the right stocks is important. The tailwinds of liquidity are in abundance and all we have to do is avoid messing it up via bad stock picks.

Amongst my holdings, IMMR is frustrating me the most. However, I am pleased with WIT, FLSR, SCTY, EMKR and RKUS.

I have been researching several low float spec plays all day and should have a gamble or two soon. On the serious position front, I want to start buying POWI, but the volume is so damned thin. Volume has kept me out of some of my best ideas, namely OSTK at $5. Truth be told, there is nothing like nailing a cheap stock that trades by appointment that morphs into an expensive name with millions of shares traded daily. I’ve had only a handful of those in my career and always endeavor to find more.

For the session, despite the sleepy tone, I am +1.2%.