Thoughts

Call me crazy, but I want to be long a few stocks here.

RIMM looks fantastic (I own it), and I want PALM to die (I’m short).

JASO is dirt cheap, I like ENER here, & CLNE holding up well (long all 3–those are my alternative names).

AAPL gets no love, nor does GOOG. I believe both reports will be better than expected and one should take a look at the companies (again, I am long both).

I believe we close the day strong, and as you can see, I’m talking my book.

http://www.screencast.com/t/FF31hCZ9Gop

Note: If we fall below 820, God help us.

• MDT looking good this morning, watch this one above $33
• NXG, watch this penny stock, it could fly.
• Buy the pullback in the refiners, I am.
• CALM getting ready to breakdown
• A little more strength in PALM and I’m shorting.

Note: I’m buying when the S&P hits 820.

STT filed an 8K last Friday before the 3 day weekend, Hmm? In it, the company discloses huge unrealized losses.

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Note: Upside trader also has a few charts on the financials, go check out his site.

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1. Pair trade: Long RIMM short PALM
2. Gold: NXG looks good over a buck & AEM moving against resistance @ 52.50
3. Refiners: HOC, WNR, VLO all look good on the long side.
4. Tech: GIGM long over $7, SIGM long over $11
5. Medical: MDT long over $33, BLUD breaking out on huge volume, MR bull flag
6. AZO: Short below $125
7. BIG: Look for a breakout above $15
8. SHLD: Breakout above $50.50, or short on weakness with a stop at that same #.
9. CALM: Long if strong above $30, short below $29
10. IBKR: Watch for breakout/breakdown

(Keep in mind, the featured stocks are not necessarily my best plays. They are, however, stocks at critical points that will help you spot & catch a breakdown or breakout.)