Tuesday, May 22, 2007

Quick Summary

It's midnight and I should be sleeping.

So....

Major averages came in a smidge, possibly a little more tomorrow, but technically the bullish case is intact.

Cratering: long bonds, like I've been saying...but that would be good for financials if combined with a rate cuts.

Repairing: Housing stocks (not REITS), airlines.

Resting a bit: oils

Buying setups: lots o' stuff...I think I might take a shot at FSLR tomorrow with a small purchase. Also bought ACH (aluminum corp of China) and TKS (british machine part maker) today.

In short, very bullish action, provided China doesn't blow up again like last February. More records, more pompoms, more vomiting in my mouth everytime I turn on CNBC.

I realize that it's easier to make money in these markets, but I just hate to see crooks making money.

Whatever...time for bed. G'night, cyberland...

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