Short Idea: HK

HK looks ready to roll over, i may take this short to offset my DXO should oil drop here.

Hat tip: Fancy tickler

I’m starting to see signs of it. GS, along with the rest of the financials, look sick. The energy plays look over extended, and are all bumping against moving averages. The final test will be if we see the S&P trade below 885.

SRS looks so attractive here, similar to Lucy Becker, I’ve been buying under $80, but still like it here. I also continue to like the Ragin Cajun special, long DXO, long FAZ.

Just remember to watch out for DeAngelo.

It snowed this morning, WTF? That never happens down here. I’ve only seen snow twice in my lifetime, so to wake up to that was pretty amazing.

With that, I’m expecting an amazing day in the market. DXO is ripping, that means oil is ripping, if oil is ripping, the market will rip. Get long and strong.

Note: Watch the refiners here, oil is in their sweet spot: HES, WNR, HOC, MRO, & VLO

…is the top industry this week using The PPT‘s computer score. Let’s go through a few names:

Top 10 computer scores

Top 10 daily change in score

Top 10 in today’s volume

Top 10 in Fundamental score

Top 10 in Technical Score

I made a few moves today, I bought more FAZ under $40 & prepared to buy more under $30. I bought a truck load of DXO, matter of fact, I bought some in every account I own today.

I think you have to own oil here, there’s is no way the market rallies without oil, and I believe we have ourselves a nice rally in the making. But, don’t forget, as the market makes it move higher, make sure to nibble on SRS from time to time.

Bullish breakout in the near future:

(Click to enlarge)

I added to my position in CLNE @ 5.07