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