After this mornings rant the Raven has few constructive points to add. Yes we're in earnings week now, yes we've rallied , but it still feels very much like summer time.
L: 60% S:35% G: 95% N: 25% ~ $D 0% $G 0% $V 0% $P 0%
The Raven covered his Moody short yesterday, but put it back on right at the close to hedge out his increased position in NRG, he thinks there is upside risk with us approaching the 252dma. He also covered/got stopped out of his pubs shorts to some extent yesterday, but is putting them back on again today at better levels - although trying to stay beta neutral-ish.
He did some more work on the miners yesterday and has started to change his views a little. BHP Bilitons looks better and better to him, its not particularly sexy though, he's kicking the tires at the moment, before he gets to price target as management seems to be a strong differentiating factor between the stocks, thats before he looks at the technicals.
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