1.) Internet: Long $GOOG & $YHOO (also watching $EBAY here, looks to have put in a short term bottom)
2.) Oil & Gas: Long $UCO, $SD, & APC–bought today (hat tip: Mr. Cain)
3.) Financials: Long $ETFC, and yes I still like it here with the reverse spit (Keep it on watch for momo)
4.) Wireless/4G play: Long $S, also watching $CLWR
5.) Downside protection: Long $TZA
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The market is truly a mess here. The $RUT and the Q’s are starting to look bullish, while the S&P and DOW still look bearish. My gut tells me we see a nice rally tomorrow after the jobs report. If we do see a huge push higher, I will likely take a bunch of my longs off the table.
Here are a few charts I’m looking at heading into tomorrow:
$V:
$YHOO:
$ITRI:
$CAGC:
$LEI:
$GKK:
$ARUN
Chess highlighted UUP & FFIV, those two look ripe for breakouts, Check his post
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ARUN looking good–added it to my scans
My favorite here is $ITRI
Got into CAGC last week. CPI for basic food is crazy there and only 14.86% of their land is arable. Farmers should use fertilizer to increase yield.
Oh the horror! I…
Oh wait, no we’re up more than 3% in APC this morning.
Fuck it.
lol, nicely done Mr. Cain.
watch 10,000. See how it does on the retest now that we’re below the mark
edit: looks like we’re holding for now but it’s flirting with a breakdown, should be interesting to see how we close.
RC, mrk get killed after the jobs reports, think I will be a ugly week next week…ride the $TZA
Also any thoughts of $CCME moving over to the Nasdaq?
This is why we own TZA gentlemen, puts also working great in SHLD.
I am a buyer of more CCME on a further dip.
TZA 4TW
You know it! Monday should be interesting.