Wang’s Happy Trading

From Briefing.com

Gap ups and downs of noteworthy

DO (missed earnings down $4.50) look for weakness in OIH and sympathy plays such as RIG
BG (Beat big on earnings but guided lower to inline) not good “woodshed environment”, looks to get a haircut, good possible downside play, all AGs should move in sympathy MON one of the overvalued of the group, POT, AG (earnings this morning beat rev and beat EPS and still one of the most overvalued of the group) further downside likely.
FSLR gap down no news but looks to test recent lows

Market is gapping down and this could be the fourth down day if it ends down. With this gap down expect some retracement up but all rallies should be sold until technical strength shows otherwise. Look to go long the Short ETF’s on dips as an idea. Macro environment horrible. Bank of England cut rates only a quarter point as the world sits on a recession. ECB mulling I don’t know what (same inflation argument). Wilbur Ross on Bloomberg last night said that 50% of the homes for sale in California is under foreclosure.