Chill out, drink a few pints of disgusting beer, while throwing cracker jacks at CNBC.
After a 300 point up day, do not expect the market to do more than mark time.
The old momo plays are back in action, namely VMW, RIMM, AAPL, DECK, amongst others. However, looking at the DOW 30 and most heavily weighted nasdaq stocks, it looks like we may head lower.
Already, the sellers are abundant in ORCL, SYMC, EBAY, SHLD, DIS, MSFT and INTC.
Additionally, the “wheel barrow dollar” is taking another hit, while gold and oil spike.
Within prescious metals, NG, AUY and KGC look good.
Aside from the momo names, the financials are offering good leadership, with big dicked gains in TMA, ABK, C, LEH, ITG, MER, AMG, ACR, CCRT and ETFC.
CFC reversed and is now getting its ass tanned.
Basically, “The Fly” will walk around today, eating sandwiches, drinking Monster’s, while throwing large statues at his trader/servant.
I will probably sit on my hands and do nothing.