If financials look weak short Lehman Brothers Holdings Inc. [[LEH]] , or buy SKF:
If tech looks strong, I like Alpha’s pick Amazon.com, Inc. [[AMZN]] :
If oil looks strong get long USO, or GeoResources, Inc. [[GEOI]] :
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Weak commodities: long AGA, VSE and CLNE
Strong Oil: long UPL, RIG and ARD
Weak banks: long SKF, short TCB, short LEH
Strong Banks: bullet in my brain
Strong market: long RIMM, long AUXL, long LMT
I like this. It’s good to have a “surf report” and go where the waves are this week. I think you’re right with the oil/financials/and tech play. This market is not good for strong biases.
If the market is strong I will get long tech and *gasp*, retail… but I know which retail I will focus on.
Keep an eye on AUXL. Should move in the biotech sector today
after Barron’s bullish article over the weekend.