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Been buying and selling some stuff

This morning I have been buying some stocks after yesterday's fat finger sell off.  It seems that some of the selling was due to a "super genius" trader selling billions instead of millions.  Here are some of the names I have been targeting.   I also sold 1/2 my VXX position today.  

1. INTC
2. FRX

Remember folks...  BE CAREFUL 

Sell In May And Go Away

 Sell in May and Go Away sure seems to be working out this year.  What am I doing in the markets right now??  Sitting on a big pile of cash waiting to see how all this plays out.  Cash is KING right now, so don't feel like you have to force trades.   I am also actively looking to put on some short positions if we have a big bounce.  

Google Chrome Fast

Up Up and Away

 Sorry I have not posted anything in a few days, but travel will do that to you.  I had to go to Europe to help solve the Greek "problem" and the President needed some advice on the economy.  I am selling some positions today into strength.  Like GS & RIG     I still think there is some value in the oil and gas drillers after the mega mess in the gulf.  Even BP will be a good one to pick up after the crowd gets done beating on them.  

Some to look at    (thanks Rock for the ideas)

C

PENN

WLP

A little Fly on the wall told me he is buying......

 My buddy The Fly is buying VXX and CGA..  Sounds like a plan to me.  

Crystal Balling it

 I took a small position in SDS yesterday as a hedge against market weakness.  It could be just a nervous feeling, but the markets seem a little tired to me.  Please take profits when you have them and keep your position sizes small.  China stocks could be a fairly good forward indicator to US stocks.  Shanghai sold off pretty hard last night.  Just something to ponder while you meditate today on life's bigger issues.  

Some stuff to watch

1. SDS  DXD
2. AONE
3. FRX

Heat Map Baby

Take a look at the heat map

 

I've got a pair of cement galoshes for you

 All is well and people are starting to build stuff again.  Concrete my boy is what the world needs to build this infrastructure.   Buy CEMEX (CX) on the increased demand for concrete and the technical break out of this stock.  Buy Cemex under $11.50 on a pullback.  

President Obama with Wall Street... Not Rock-Obama

 The president's meeting with the "brains" of Wall Street is over, and he was not too hard on the boys.  What does this mean to you fellow Americans and citizens of the world??  Buy.. Buy.. Buy     Here are a few more ideas  Sprint (S)  and Mosaic (MOS)  May the trade be with you!!

Sailing sailing over the ocean blue

My friend and super trader RS is buying GNK and DSX.  I am following his lead and purchased GNK and DSX this morning.  The dry bulk shippers are looking good for a quick trade.  May the trade be with you...