Thursday, January 21, 2010

Patience Pays Off-Trades for Jan 21

BOFL flew today, that's why I'm still including ENG and SSN if you haven't taken a position there yet. MOT has been on the list, but it is still within shorting range. All the ETF's I mentioned are worth a foot in the door to get a position started.

The dollar broke out of a bull flag today-Bad news for the market. Be careful with oil/Gold right now.

I thought this would be a "V" shape reversal, but all of the sudden I'm seeing tops everywhere.

I listed a few tonight that have the potential for big gains-the high fliers, but there's a lot of nice shorts there too and if you don't have some short exposure, I'd be careful with the longs.

I'll update the targets in the tomorrow-all trades are at the open/at market and as always, feel free to email me about any of the ideas. A few I really like-FBP and BBX plus what I listed above.