Just some ideas to be paying attention too.
So, with the economy starting to pick up steam in the wrong direction, housing stalling and falling and food and general commodities rising where should we be looking...
We are looking back at our agriculturals, namely Potasth (POT) and Intrepid (IPI) both off there 52-week highs but holding strong, haven't pulled the technicals but I am betting they are holding there 50 and 200 day MA well...
Solar has been performing steadily as well (SOL, SOLR, FSLR). Demand is still there for alternative energy, especially given the future of oil prices...
Look at the Diamonds, Q's and some SPYders to capture some short term gains either way depending on news.
Shorting LinkedIn (LNKD) worked as it's down about 40 bucks from the high and over 10 from our trades... Close out the puts now as there is bound to be enough volatility to hurt you, unless you are trading intraday.
Happy Trading...
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