The Dow was down more than 200 points today, and then recovered back 100 points of its loss. I think now its a great time to buy large cap, i have been saying that since feburary. I like CAT around 100, XOM at 80 and stay away from BAC and all the major banks, the whole sector is down YTD while everything is up. Pay some attention to utilities the rest of the week, I'm expecting some buying in utilities as investors begin to stock up for the bear market. i expect Utilities ETFs and Utilities stocks climb 2-4% this week.
I would sell not short CAT around 115, Short CSCO around 17.5 to 18, and sell WOR right now.
good trading to you
Its time to BUY?
genli11's Blog
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