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“I am not just a potted plant.”
These are the words attorney Black used while he was representing John Dean during the Nixon hearings. I have to steal them to make a point. In December, I advised the listeners to the WSS that airline stocks were about to get hot, because of the sell off that occurred in the energy markets. Unlike other hosts, I also advised the audience to take profits in 1/2 the position after the nice price rise in the sector had occurred. I followed up this advice by warning that this same sector would come under pressure as the cold spell created the most recent price rise in the energy complex.
I did more than that. I advised that upon the next price advance in the equity market, the oil stocks would move up with the equity market, unlike former periods. I explained that the energy complex was facing a change in fundamentals and this time the energy sector would advance with the market. I added that the refinery stocks would be the fastest to respond to this change.
Well take a look at the charts. I am not just a potted plant. I have 30 years of trading experience which is something rare for a radio commentator. I have winning streaks and I have losing streaks like all advisors. This time everything fell into place. Good trading and investing for everyone in 2010. Listen to the WSS. You just might like what you hear.
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