For those who watch the overnight session, watch 922 on the S&P. Also after the close news of reduced earnings on BAC and AA, two heavy weights in the markets. I am about to step into some GS short here for the long term as I feel this sucker is DEAD. I got some short today @ $91 and will add on a move up higher, but as of now I am short 1/3 shares of it.
Infrastructure plays are getting a bounce here, which I kind of expected if Obama won but who knows what will happen with the limited budget on the table. These stock can crash and burn if the new administration switches on massive infrastructure building, keep those on your radar for the rest of the year. These stocks I predict will be the ones to watch this year as the agricultural stocks were the ones to watch last year.
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