Well I will first start by saying, there is no way reading this blog you should not be making money. I have been dead on with which stocks to play the next day as 10 am set ups and most have been monsters. Yesterday GOOG and POT mentions got awesome moves today.
I think financials are at a top here. I am sticking my head out here but I think it is a good play. GS at $190 is just too expensive here and although the market can be irrational for along time, I think financials are very toppy here. Also I don't believe the sell off in agros will last. I think these stocks will be the big movers this year. I am currently long IPI the ipo from last week and although I am down on it I am not worried as I think this will have strong support when the agros start to rebound.
Tomorrow I will be looking at those two sectors for some plays along with the big techs, the usual GOOG, BIDU, RIMM and AAPL.
Some of these tech stocks have run up alot in the past few weeks and the trade is getting very crowded so be careful and fast if you take them long as the risk reward will soon be on the short side, especially for AAPL and BIDU.
Have a good May and trading day tomorrow
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