(click to enlarge)As you can see that market was very in red in financials and tech. If you notice the bright green, you will see it's in names with big SIZE, like XOM, PFE, PM, KO, and MSFT.
The market reversed and closed above 900, so I am very bullish here. Again, that can change on a dime but I am long in SIZE, with only about a 10% cash position. I made some buys in USD to day around high $15's, as well as in energy via DXO (double long crude) and QID (double long energy index). I took some positions in UYG and FAS, via call as well. The bears want to take this market down but I just don't think they can now. Money managers have so much cash on the sidelines, they are forced to buy. The bottom seems to be in natural gas, I remember seeing the UNG at $13 10 days ago and now its above $17. I still own a good piece of APC since $44.50 and will hold until it's north of $50 again. As for F, it's a SCREAMING BUY. F at $5 is ridiculous and needs to be bought. If I wasn't overextended in junk stocks, I would buy F at $5 or under.
Lastly, Gold and Silver miners are beyond HOT. I bought SLW last Novmeber at $3.30 and sold it at $6.60, thinking I did something. Now, it's north of $9. If Silver can get over $14+ an oz, I believe SLW can print over $12. For gold, I own a spec play via NXG but NGD can work too. If you want a bigger gold miner, go with ABX.
I'm off to dinner
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