That is a cheesy headline.
It’s the Jewish New year so I can start with some Cream Cheese.
I like Video, I have talked endlessly about it. I like buying strength and have talked endlessly about that. Today both those themes worked beautifully.
Apple, Adobe, Akamai and Webx were all up 3-8 percent – just today.
Obviously that won’t continue forever and these are risky stocks, it is just that I like the market here and owning the strongest stocks coming out of a summer of weakness has paid quick, fast, large dividends.
I was bludgeoned this morning in OIL – but BTU and the oil index closed on the highs so they look washed out. I will be adding tomorrow and some more gold calls and I will be stopping out below today’s lows.
Here is some great Adobe linkage and insight courtesy of tech nerd Om Malik and somebody new to me Tom Keating . I may need to get an Adobe tattoo to go with the inevitable Apple tattoo – assuming my reformed jewish cemetary would still have me :) .
UPDATE – more data on my oil trade from DeGraaf. More clues that I use in a countertrend trade.