Gustav Category 2..winds 110 MPH...????

Markets were bracing for a major damage with category 5 storm......

Latest update @ 9.40 AM is presenting a much optimistic picture.....

If we do not see major hit to Oil & Gas infrastructure plus no damage to Refinery....markets will rally in a strong manner.....

Currently futures are pointing to a small negative....

European markets are in minor negative.....some are ready to turn Green....

The downgrade of Gustav will get markets going about its business....

Friday's triple digit loss was attributed to a large part to Gustav potential uncertainty & damages.....

So what looks good based on recent tape......

Solar IS the-strongest sector and its tape is looking good.....

Now MAY be a good time to have few solar in your portfolio.....

Some solar stocks have jumped 50% in less than 2 weeks......so they may rest before resuming their UPTREND......

Some solar have NOT participated in solar rally & they look ready to play catch UP......

I am positioned with SOL & CSIQ......which have lagged the solar rally......

LDK & STP are the leaders in price gains & should be bought on any pullback.....

FSLR has NOT participated in this rally...so it IS a strong buy currently......

YGE & TSL are also lagging so they are a buy for a rally mode.....

SOLF with its declining margins and estimates being down for this Q3 may need to consolidate....13+ it is a BUY......

Financials are becoming a casino...so be careful with your selections..MS,JPM,MER looks strong to me.....

Techs have been going down for few days and are ready to bounce back...AAPL,RIMM,QCOM,AMZN looks good.....

Ag sector looks good also IPI,AGU showing relative strength.....

As oil may retrace so keep an eye on CHK,APA,ECA,CNQ,SU for entry point.....

Gold will also pull back to $800 support area...so look for entry point in GG,ABX,AEM.....

So buying any sector on pullbacks will be a smart strategy.....

It IS a rotating market almost on a daily basis......

So take profit in strong sector & enter weak sector & keep alternating......

Till end of October I expect markets to be daily trading markets......

Please understand that my portfolio WILL change rapidly to take advantage of many sector rotations.....

So have focused trading strategy......

For long term holders...just sit tight and you will be ahead..... if you are in strong stocks....

Good luck on your OWN due diligence.

None of us bat 100 ever !!!!!

BLOG does NOT give buy or sell.

Saleem