{+++} I don’t like putting out longs or shorts on Friday, so you may want to put these on the radar. STEC we are already long but I’ve added COH and ZIOP as potential breakouts. Watch volume, as breakouts should always be accompanied by good volume.
GS acts like garbage even though the financials tried for a rebound today and I still think the financials could be close to a roll over. Housing though is rocking as XHB hit highs not seen in a while. I am a little short there and added today.
My “off the wall” opinion is that DC is systematically taking apart capitalism and I don’t know how long this clam bake can last. Let’s ride it though while we can. If you want some heavy reading, skim the financial reform bill, government can now look at our brokerage and bank accounts (wires in and out) to “aid” them, through another newly created oversight bureaucracy, to help them make sense and what doesn’t. Fun stuff. I’m not being political, I’m over that now, but it is scary stuff.
I would love a discussion on the Chatroom tonight or tomorrow about the government’s actions lately. What do you guys think? A hearty WELCOME to all the new subscribers, I look forward to the future and getting to know you all. We’re family here. Dysfunctional, but family all the same. By the way the Chatroom is open 24/7 so don’t feel like you have to turn into a pumpkin at 4pm. Just saying. Enjoy.
P.S. Please keep all subscriber comments on my recommendations private. That’s why you are a premium subscriber. Please E-mail me or DM me on twitter–thanks.
