One thing I've learned for sure from the stock market is, you can't predict the future. I felt this lesson presented itself very clearely today. Although my portfolios didn't reflect it, I was dead wrong on thinking oil was comming down because the Saudis decided to increase production. Most of my stocks(cause their energy stocks) did pretty well today. HK(petrohawk energy), which is my pick of the month, was up 6% today. HK is up 68% since Jun 1st which is $17. Not bad for a $25 stock(jun 1st). O.K, enough about energy and oil and on to tech. RIMM and GOOG both release earnings for Q2 this week and I am LONG both. GOOG went on a $100 rampage after Q1 earnings came out. I think they'll do just fine this time around. another sector treating me very well is Agriculture. AGU and POT have both been hot a will likely continue to do so. One more Ag play that has come to my attention is BG(bungee corp), they have purchased the company Corn Products and have poisitioned themselves well in this sector. In my opinion the Ag sector is one of the strongest out there in this questionable economy. As far as Forex trading goes, the Fed have a meeting on Tuesday. At this meeting they will discuss interest rates among other things. I don't anticipate huge changes comming out of this meeting but I am long the USD/JPY and short EUR/USD and GPB/USD. The news will most likely be good but after seeing the little impact the saudis had on oil, I doubt the floundering fed can do much better. I have also taken a short position on AUD/USD because I believe gold is commin down some.
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