The old me would be stalking EXK today like I did Miley Cyrus last time she was in town, but I’m comporting myself with a bit more grace and self-respect today…like Pepe Le Pew.  I learned not to chase miners, EXK in particular, through a long history of daggered hairpin reversals.  The name is volatile, I felt early on that I missed the action, therefore I did.  I’ll have to tickle my fancies with something else today.

I’ve quite enjoyed being kicked in the scrotum this morning by my newly minted long OCZ.  They came out with some preliminary earnings data rather out of the blue, and lo and behold they’re still combating supply issues.  “SUPPLIES!” …no surprise.  There are worse problems for a company to have, like no sales.  Anyway, the stock market is the final arbiter.  If the name doesn’t shape up into the bell I may axe it (no piker body spray puke).

I sold a bit more O which is fantastic, this trade played out LOCKSTEP, and now I have my final 1/3 which the market must work very hard to take from my person, as my cost basis (net of booked profits) is now $38.50 aka well below swing lows.  I hope we take out the recent swing low, run some stops, and then I’ll add some back on.  This is going to be my new AWK, collecting me a coupon while I skip to my lou though the market minefield.

My solar trifecta has me more pleasured than Lil Wayne ‘turked up’ on opiates at a stripper convention.  Take your pick: YGE, FSLR, and ENPH the sector is leading higher just as prophesied by the immortal Le Fly and other iBC cast members.  Use the green juice to power some CREE bulbs and you’re on the right track, guy.

DDD and PRLB did this morning what I like to call the bear pinch: drive lower, pullback for shorts to enter, make a new low, barely, than quickly rip higher, leaving asshole bears stuck in their underwater positions.  Have a great afternoon you harry bastards, it’s hot out there.

RVLT finally lifted off and it has done so without me.  I’m instead nearly balls deep in German LED play AIXG, down 1 percent.  All dogs have their day, RVLT is a decent company, but they’re no CREE or AIXG fundamentally.  RVLT is an instrument for degenerates to trade.

I’m happy to have paired my IMMR with some INVN because to me, they’re the same thing: new tech, chips.  INVN appears to be more en vogue.

F won’t let good Americans in unless their 401-k is set to ‘auto-allocate’.

FB still wants to win, while you’re looking elsewhere.

I’ll never own enough Z, but I own it nonetheless.

TPX is still my largest.  You will all feel its gentle wrath.

Who thinks BPZ has another squeeze in it?  (Raises hand)

That’s my book in a nutshell.  I’m considering an FXY long as protection.  Call it Kong hedging.  iBC is becoming a formidable beast.

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My office was rife with distractions today as the typically quiet folks of finance dipped into a barrel of beer and invaded my workspace all-too-frequently for its VIP view of the streets below.  Damn these fools, seriously, they’re demented humans who don’t get out nearly enough.

Pair that with Multicharts having an impromptu mandatory software update, and I was rendered useless in the futures market after the clock struck ten.

I’m brooding so hard right now.  But what the hell, everyone’s having fun, yes yes yes!?  Ben told the bulls, “we ridin’ round we gettin’ it.  It’s mine, I spend it.”

Ben put his flex on like an old tiger in his last fight—he’s not losing.

The S&P pit session was quiet today, but really fluid and without nasty trap action.  It went directional downward early on, and anyone with a brain would be trigger happy on their shorts, taking profits given the context.  So when a new low was never set, the market never even enticed chasing the shorts.  Then it marked time all session, then put in two nice little rotations higher to close out the day.

I missed the afternoon rotations, hence the brooding.

Perhaps that is why I bought BPZ at HOD today but let me explain a bit more.  They say if you feel like you’re missing out on the action, it’s already too late.  When I pulled up BPZ this afternoon, I didn’t feel a sense that I had missed anything.  I see this type of setup all the time, yet I never take it.  A stock launches over 10 percent higher in a single session on strong volume and closes near the HOD.  The next day it makes an even BIGGER move.  Pair that with the following bullet points:

1.) http://ibankcoin.com/flyblog/2013/07/10/a-titanic-shift-in-the-oil-markets-are-underway/

“On the other hand, surging oil prices is good for a number of sectors, such as solar, alternative energy and good old fashioned exploration plays who bank coin off the price of oil going higher.”

2.) It showed up on three of my favorite PPT screens too, including receiving an upgrade to BUY.

I’ll quickly run through today’s portfolio adjustments:

I took my first scale in O.  You have to get paid when the market pays you.  Now the move can either continue progressing or digest for a bit and I’m chill.

I took my first scale on TPX.  It’s still my largest position and top pick.  Next target is $50.

I bought PRLB, INVN, and BPZ like a cheetah chasing a gazelle.

I took cash down to 12 percent, and my positions, listed largest to smallest are as follows (top picks bolded):

TPX, FB, AIXG, INVN, DDD, F, Z, IMMR, CREE, PRLB, SD, BPZ, O, ENPH, YGE

I want some EXK too, call it position overload.  I did this last time we peaked out…FYI but I won’t be fooled twice.

EARNING’S SEASON STARTS TOMMOROW MORNING-PREPARE FOR WAR

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Try as you might, you can’t buy RGLD sub 50.  Even when the opportunity presents itself, you’ll take to twitter and declare the next plunge in GDX.

Sometimes you don’t understand the force behind a play, but you go along with it anyway.  Broadcasting stocks are strong, I bought NXST.

Heptics, get with it.  IMMR

Your eyes are important.  Take care to keep them healthy even if it means getting away from your monitor to see the doctor.  No eyesight = no trader.

Utilities might actually die for bit.  Frowny face AWK.

CREE might take some heat next week.  I’m ready for that.  I’m ready for lots of that.  CREE is offering the EASIEST way for our country to reduce its energy consumption.  They’re perfectly aligned with our administrations agenda, and they make lots of money.  Hard to value but I continue to see all analyst coverage as short sighted.

FB is bracketed.  If it comes unhinged and decimates investors again I will me very surprised.

INVN is another great story stock, I’ll tell you over a bonfire soon.

HAIN is quiet, HAIN is good.

DECK made a nice comeback today.  I like comeback stories.  I smell seller exhaustion.

ANGI has been my second most profitable stock of the year to trade.  Who is to say I’m wrong at this juncture?

OMEX needs to find some sunken ship booty, stat.

Enjoy your holiday weekend.  Electronic music invades Detroit in a big way every Memorial Weekend.  I may partake mostly for the people watching.  I’ll be in-and-out, preparing for to crush our shortened trading week come Tuesday.

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I have lots of charts setting up how I like.  After seeing about 10 of them, I settled upon NXTS, which is a random broadcasting company with a stock flying in the stratosphere.  It doesn’t have much of a short float to speak of, but man the chart looks ace.

Anyhow, it’s getting faded into the bell.

I’ll be honest, for there’s no value for me in being deceitful on a web log, it felt like an obligatory purchase.  I haven’t felt propelled to buy much all day.  Perhaps it’s the Memorial Day, perhaps it’s the price zone we’re in.  I’m not entirely sure.  Maybe today would have been best spent foraging through the woods for mushrooms?

I like ANGI and I’m glad to have more in on that name.

I also bought INVN, same look chart wise, but actually a company I’m into.  It’s the combination of interest in a company and an enticing chart that gets me excited.

It’s a modest green day, surprisingly enough, which makes me feel like we’re still in a market of stocks, and not just a perfectly correlated mess.  For now I’ll take it.

http://youtu.be/iMR45VOKj58

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This company’s components are showing up in a variety of new products including a badass new basketball that helps kids get their game up.

There hanging around inside Apple products too.  That’s the backstory that had me stalking, then I finally got a decent spot to enter my long, check it out:

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