THANK ME LATER FOR CALLING JUNE CORRECTION

I have been on hiatus to allow the markets cool. Thank me later for calling the mid June on the correction & support levels on the nose for the S&P 500 along Crude prices. So its time to put money to work again. Strong earnings posted by Goldman Sachs (GS) & Intel (INTC) are a breath of fresh air as we move into the Q3.

Natural Gas @ $3.50 per cubic inch is a steal heading into hurricane & winter season. U.S. Natural Gas Fund (UNG) is ready for a bounce. ICE below $90 also winner. Commodities in play-priced to move higher, Rio Tinto (RTP) & BHP do well heading into the season. I wouldnt count out the Agriculture sector either, fertilizer prices are under the weather but will remain steady as Global economy now showing signs of growth. Potash (POT) & Agrium (AGU) will lead the way.

Oil stocks will outperform Crude as barrels stay in tight trading range. PTR, SNP, SLB, XOM, OIH are among the leaders. We'll talk soon. Have a good day.

TRADERVSMARKET COPYRIGHT @ 2009

SMART MONEY IS MOVING INTO EDUCATION STOCKS

Sallie Mae (SLM) has secured a major contract that services goverment student loan funding for the next five years. ITT Education (ESI), Apollo Group (APOL), DeVry (DV), American Public Education (API) are all beneficiaries of guaranteed student loan funding that is no longer in jeopardy.

COPYRIGHT TRADERVSMARKET @ 2009

LINK COPYRIGHT BUSINESS WIRE @ 2009

HEALTHY CORRECTION ON THE MENU

When the S&P gets back to 875 & crude test $57.50 it will be time to cover your shorts.

COPYRIGHT TRADERVSMARKET @ 2009

NOTEWORTHY EARNINGS FOR THIS WEEK

TUES. JUNE 16th:     Best Buy (BBY) Q1 eps est. $.34 vs $.43 y/y

WED. JUNE 17th:      Fedex (FDX) Q4 eps est. $.53 vs $1.45 y/y

THURS. JUNE 18th: Rim (RIMM) Q1 eps est. $.93 vs $.84 y/y

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BANK OF AMERICA READY TO BREAKOUT - UPGRADE TO BUY

Bank of America (BAC) has been idle for a month now. The stock appears to have found its footing closing up a dollar to $13 yesterday on CEO Ken Lewis' testimony to Congress. The Street has embraced BAC as one of the big bank survivors who has solid growth ahead. BAC 120 day price target $20 per share.

COPYRIGHT TRADERVSMARKET @ 2009