My bullish bias!

Most of the worst news has been baked in.During the last run up a lot of money was on the side line which feels left out.Secondly our Government's save at all cost approach will not let the natural progression of market take place.I am not arguing that it is the right thing to do or will it work in the long term.But for now it will get the market going.At the most auto industry will be made the scape goat.
I am bullish heading to FASB's vote on new market to market accounting propsal.I won't be surprised to see uptick rule to follow soon.This can pretty much kill the bear market as it is.I don't agree with everything being propsed.But I'll trade which ever way it makes me money.
Right now solars are where the action is along with my favorite TNA and FAS.

Solar Fun!

Solar stocks just took off in the last 30 mins or so.YGE and SOL are my favorite to trade.They can easily double from here.As far as the bears are concerned it is back to slow and painful death.

Time to stream roll the bears!

Don't be fooled guys, this was a lame attempt on the bears part to make a come back.It was by no means a sell off, yeah we were down 250+ and there was bad news from GM but where was the volume?Quite frankly we learned nothing new today, any one who has ever driven a GM knew this day was coming.As long as we don't hear the word "nationalize" anytime soon we are going higher.

My ideal set up would be gapping lower and trapping some greedy bears in.Then blasting off around mid day finishing strong hopefully starting a massive short squeeze.I am looking at TNA, FAS,and Solar stocks to get in.My favourites to trade are YGE,SOL and STP.

Good Luck!

lsustockjunkie

Bears are dead!

I am starting new long positions in face of this move down.We were way over due for a pull back and that is what we are getting now.I am bearish when it comes to oil so I might take stab at DUG here other wise my buy list is:
YGE
STP
TNA

Don't hold your breath BEARS

A lot of economic data comes out next week.Bears will likely try to put their spin on it and justify that everything is going to zero.But in reality nothing short of nationalizing the banks will put fear back in our hearts. Technically there is a lot of resistance ahead which is the last hope for the shorts.They are hanging by a thread in hopes that overbought conditions with over head resistance will stop the bulls.If we break through, a massive short squeeze will take place which will be very rewarding.There is a chance that we do pull back here but it won't be a sell off.I am not interested in getting short if we do go lower here.Instead I'll be looking for stocks that consolidate bullishly to go long.
Update: I failed to address Auto task force rejecting GM and Chrysler plans thus sending the futures lower. But Obama administration is not going to do the right thing and let these companies fail. Instead they'll get a sweet deal and taxpayers will get screwed again.

Fun in the sun!

This is pure profit taking on part of the bulls heading into the weekend.Don't hold your breath bears it is not going to happen.I am focusing on only two stocks here FAZ and FAS. FAZ gapped up and ever since has been drifting to fill the gap.FAS gapped down and has been chugging along to fill the gap.I am going to enter FAZ around $18.50 with a stop at $18 of course depending on the volume and stochastics. I'll enter FAS after it breaks out above $7.
Lets see which one works today!

It has been a slow and pain full death for the bears.Instead of just throwing them off the cliff the bulls prefer to bleed them into oblivion.It is amazing how many bloggers out there are still short.There arrogance surprises me, no one could have predicted such a bounce but missing out on 1500 point move altogether is shameful.I admit I was skeptical at first but I learned my lesson and placed my trades accordingly.It is not going to be a V shaped bottom and there will be a pull back but forget about the test of "the lows". I missed today's trading day because of work and was bummed out on missing the move in the solars. Every time I listen to Obama speaks he keeps on pushing alternative energy. I was thinking about picking some JASO the other day.But now I guess I have to wait for a pull back. The short interest in all solars is quite high and the move is not over.I am looking at ENER is an investment and will trade other solars after a pull back.