Today the indexes finished close to unchanged, but the bias is clearly still to the upside.
The direction of the next big move is anyones guess, but the smart bet is probably that we go higher unless some major catastrophic event unfolds.
Here are some suggestions for picks.
CSIQ is a Canadian solar company that does business with China, and they are well positioned to take advantage of global stimulus and clean energy efforts. This is, in my own honest opionion, a name for the long hall. For a complete list of green energy picks, email me at veteran trader234@yahoo.com. I am always happy to provide free insights, lists, answer questions, etc.
Another potential play is GMO. This company is sitting on a pile of molybdenum, and if nuclear energy becomes a factor, i.e. congress includes nuclear energy in the clean energy legislation, this one should take off nicely. MLP's and CRT's are a good idea as well. You can obtain lists by sending me an email and just ask, you will receive-spam free of course.
You may want to consider hedging any long position you take with QID, SDS, SRS, SH....these are all "bear market" etf's, they make money when the indexes are moving down in price.
Read previous posts for more investing and trading ideas. As always, trade at your own risk...no one can guarentee you a profit, but I will try to help you limit your losses and get you into some winning trades.
The secret to successfull trading is to cut your losses (by hedging or exiting losers before they lose too much money) and let your winners run. The objective of this blog is to help you do just that.
Until next time, good luck with your trading!
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