Energy has been the go to sector as demand continues to grow Globally and macro geo-political concerns weigh on investors minds. We did see a small amount of profit taking today in the sector. This was a chance to buy I felt. The systemic risks and dangers have not decreased. The Oil companies continue to meet demand and make record profits in the process. I am a buyer here. Seeing EOG down $1.50 was a bargain. I see Shale providers and "Big" oil being in the proverbial "Sweet spot". I would not be shocked to see XLE close above $100 this week.
Banks could be interesting again. I am waiting to here Janet speak before committing any capital. Rates would need to rise before getting overly bullish on the Banks. IMO My favorites in this space are KEY for regional exposure. MS Morgan Stanley for investment banking and JPM Jp Morgan Chase for the commercial "All around" trade.
OWW Orbitz World Wide and AWAY are very interesting "Summer Time" trades that I am currently in as well. Travel will be good despite headwinds. Interested to see how the season plays out.
So there you have the bulk of what I am watching and trading. Good luck out there everyone!!