This market is easy to trade, providing you stick with the trends. It’s easy to fuck up when you over think a trade or a strategy.
For example: Oil at these levels defies logic. Yet, just giving into the fuckery has made oil longs very happy, over the past 6 months. The same goes with ag.
As you know, I was shorting ag related names, with great vigor, only to book a quick 25% loss on [[SMN]] and hold an unrealized loss in [[POT]]. Obviously, shorting ag was a dumb, pedestrian like move.
For the most part, being short financials/long commodities has worked, with God-like efficiency. Why should that trade reverse?
Until it does, I have no problem with pairing my bank shorts with oil/gas/ethanol longs.
The following financial stocks can’t get out of their own way:
KEY, ABK, RF, FED, WB, WFC, JPM, LEH, MER, MS, GS, FITB, STI, FHN, CORS, DSL, BPFH, CRBC, UMPQ, SUSQ, MTB, UCFC, IBCP, ADVNB, HBAN, MII, HBHC, SNV, WBS and HRH.
The following commodity related stocks can’t stop going up:
MOS, POT, CF, AG, TNH, SQM, SYT, MON, VMI, LNN, ANR, BEXP, SWN, UPL, DO, RIG, NOV, HERO, ESV, ATW, COP, SU, MCF, EOG, SD, BTU, ARD, BUCY and JOYG.
Feel free to add your own names.
Bottom line: Why try to outsmart the market, when it is giving you coin, on a golden platter?
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