Salam and good morning all. This is in addition to the stock picks I sent to few somnet financial freaks.
Overall I am net long for today and my recommendations for the day are as follows:
Financials make up most of my picks today, mainly regional banks like:
Fifth Third Bancorp Ticker : FITB
Huntington Bancshares Incorporated Ticker : HBAN
Regions Financial Corporation Ticker : RF
I am long on these as of Monday's close and hold.
I am also long penny financial stock:
BankUnited Financial Corporation Ticker : BKUNA
Given they are penny they should ride the wave and jump exponentially. Will exit and unload my position by 3pm.
i am picking Long financial 3X ETF Ticker : FAS
This I intend to buy on premarket today around 8am and sell after Geitner's speech 11:30am.
Also long for Oil ETN DXO. Same as financial ETF FAS trend
Nissan car maker long Ticker : NSANY
Will bulk up after market opens 9:30 and hold till 1:00pm.
Good luck traders and hope you all make a killing.