Update

Futures are dipping due to weak retail and jobless claims numbers. High cash levels are vital in this market and I am expanding my time frame. I will be in and out of the market short, but will keep long-term focus on oil related names and 4G - smart phones. I will also add more BAC on dips. As for shorts, REITs looked priced in but are heavily shorted, so if we get a good uptick, these could cause pain to people who are short, due to massive short squeezes. I am working on analyzing this 4G - smartphone - mobile biz in more detail as we speak. I will conclude my findings once done, but me and a hedge fund manager are sorting through every firm that has exposure. The project began last night and will take some time, but this area could soar in coming years. Keep in mind, 4G is not a spring but a marathon, so if you want quick returns, it's probably not the place to be. Momentum trading longs/shorts are the way to go but carry signifcant risk in these markets due to economic uncertainity and market volatility.