All-and-all, I am very overweight cash and simply waiting. I still have my previously disclosed trades...
1. short USO (although Goldman is not making that any easier :)
2. long UNG (the added benefit of the 18-to-1 ratio divergence in NatGas and Oil adds to 1 and 2)
3. long F
4. long SQM
5. got some PBR today, earlier in the day
I like PBR simply because of its technical set up. It is sitting on potential light buying support, however it has a good chance of testing 40 if Oil does go to 63. I will add around 40.
I am patiently waiting for a few things...
1. JPM around mid 33
2. FCX around mid 52
3. SQM if it breaks to 34
4. AAPL around 132-135
5. GOOG around 425
6. BNI around 73