On the Radar Screen

Hey ladies and gents,

Need some new longs? Here ya go!

TRLG, VOLV, TAM, VARI, HH, GMTC (add more), PCCC, HURN? (maybe), BORL, ISYS, VIP, MWRK, VFC, XCO, SUAI, AZR, MU, MCD, AHO, EQ, ISBC, HSKA, SNH, ALL, SNTS, GNW, AIV, SRVY, GYMB (wait for more vol and a break above 36)

Within 5% of their Buy Points - WST and DRIV (courtesy of IBD)
Hot OTC Stocks
EMED (how do you like that nice gain?!), FRLK (careful with this one), EPEA (add a little), NWKI?, AMWS (risky as hell!), OWENQ, FRPT, PMDX, CPNE

IPO's I would keep on the radar screen: SXCI, QI, EDU, AYR, ZZ, BKC, JCG, CLUB, TWLL, HOMB, OMTR, PGTI, WNS, AVR, SNCR, RDYN, GMET, GTLS, CRZ

Interesting Tire Stocks: CTB, GT, BDG

Stock to watch for in the future: KALU

Take Profits: GROW, MA

Short: GROW

Futures: Long Soy Beans and Sugar. Short Cattle unless it bounces up from 92, which would be a signal to go long. Short Hogs unless there is a bounce up from 66, which would signal to go long. Short Coffee, or wait for a double bottom signal to go long. Long Corn. Short Gold, Silver and Copper in the short term.

Short the British Pound until it hits support between 1.86-1.82. If support fails, short some more, otherwise, buy to cover. Watch for a bottom on the Japanese Yen. Short the Euro until support is reached at 1.25. Then see if it has support. If support fails, short some more. Short the Mexican Peso. If Euro Dollars cannot breakout out above 95.1, initiate a short position. Go long the U.S. Dollar Index. If Swiss Fran fails support at 0.80, short it! At the moment, I would hesitate going either Long or Short on the U.S. Stock indices as their overall future direction is difficult to assess at this point in time. I would wait on these until there is more concrete info on where the market is heading.

The over all central theme of these positions is as follows: Short Commodities, Go long on staple foods (grains), Long the U.S. dollar and short foreign currency. And there you have it. Happy trading, folks!