Long Everything BUT Commodity Area….That Area Will Lag
April 18, 2008 9:08 AM
If you are looking to get on this short covering rally today, best to be long in areas where there is a large short interest. That would be most anything BUT commodity plays. They will all likely lag the market gains today. The dollar has stabilized …for now…and this will pressure commodoties. As I have mentioned, commodities and commodity stocks are an inverse dollar trade. Avoid them here….avoid CHK near yesterdays high as well.
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