STOP TRADING

Interesting how Jimmy now defends his KRY pick, but no mention of his BOL fiasco. I have a feeling Jimmy will eventually run into the same fate as the Murray Twins (lol) but you can catch him on Conan tonight. And if you want to read the real story on KRY, take a look at this. Bill gets an A+ on his homework from me.

The markets are bouncing a bit here as the internals improve and the SMH makes a new high for the day. The bio's have also bounced into green so maybe a rotation into the recent laggards is under way.

Oil stocks are down 2% or so but are also trying to make a comeback. I would not discount the strategy of buying oil stocks on dips as that strategy has worked every time. The metal dip buyers also have had success for about three years now so I would not count out that strategy either.