Featured Trades: (TRANSOCEAN), (RIG) 4) Time to Cash in on the RIG Bounce? Those who took my advice to buy Transocean (RIG) at $52 can now get out with a 5% profit. The addition of the Swiss based company's shares to that country's stock index created a temporary boost as funds loaded up to track [...]

'Nowadays, people know the price of everything and the value of nothing,' said Irish playwright, poet, and novelist, Oscar Wilde.

Featured Trades: (SPX)   1) The Summer Rally is Here. Now that we are above the 200 day moving average, it looks like our summer rally has begun. But don’t expect too much. After delivering a neat triple bottom at 1,040, the S&P 500 has been grinding up in a low volume rally, complaining and [...]

Featured Trades: (VNM), (FXI), (PIN), (EWY) 2) How US Job Losses Will End. I am not in the habit of regularly lifting data out of the Wall Street Journal, but even a blind squirrel occasionally finds an acorn. I was tempted by the comparative Asian wage data they published yesterday, which I just have to [...]

3) Please Use My Free Data Base Search. The original purpose of this letter was to build a data base of ideas to draw on in the management of my hedge fund. When a certain trade comes into play, I merely type in the symbol, name, currency, or commodity into the search box, and the [...]

Featured Trades: The ETF Trend Following Playbook 4) The ETF Trend Following Playbook. Turn over any rock these days, and you’ll find Tom Lydon of ETF Trends (click here at http://www.etftrends.com/ ) extolling the virtues of exchange traded funds (ETF’s) and exchange traded notes (ETN’s). So I thought it would be timely to read his [...]

'People are starting to feel better here. They don't feel like they have to have Dr. Kevorkian on speed dial anymore,' said Scott Nation, president of Nation Shares.

Featured Trades: (BP), (RIG)   1) Is it Time to Buy British Petroleum? The daily spill estimate has been ratcheted up from 1,000 barrels a day to 35,000, and now 60,000! Fitch downgraded its debt a stunning six notches from AA to BBB. Obama’s oval office salvo was directly aimed at the firm.  $20 billion [...]

Featured Trades: (THE ECONOMY) 2) Here Comes the ‘Bathtub’ Economy. Goldman Sachs’ chief US economist, Jan Hatzius, can articulate my own view of the economy better than I can, so I will just repeat what he said yesterday. The boost the economy received from an inventory rebuild is now over, and the best we can [...]

Featured Trades: (HEDGE FUNDS) 3) Learning to Love Hedge Funds. The Wall Street Journal has put together the best history of hedge funds I have found so far. They start with the legendary Fortune Magazine editor, Winslow Jones, who created the first fund out of a shabby office on Broadway in 1948, and generated monster [...]

'You don't want to give the manager of a nuclear power plant an incentive bonus,' said Nassim Taleb, author of the highly controversial book, The Black Swan.

  Featured Trades: (LAS VEGAS CITY CENTER), (MGM)   1) A Poolside Report on City Center. I write this to you from my poolside cabana at the Aria at City Center, the newest and hottest hotel in Las Vegas, against a background of blaring rock music and helicopters buzzing overhead every five minutes. It’s amazing [...]

Featured Trades: (CORN) Teucrium Agricultural Trust Corn Fund 2) Grains See the Light at the End of the Tunnel. I am a huge long term bull on the grains, but abandoned my trading call in January when the USDA published a spectacularly bullish forecast for most crops for 2010. Not only were plantings up, so [...]

Featured Trades: (BP), (RIG) 3) Where is the Gulf Oil Going Next? The National Center for Atmospheric Research has posted a nifty video on their website projecting the route of the British Petroleum's (BP) oil spill for the next six months. The good news: much of the oil will miss the Gulf Coast. The bad [...]

Featured Trades:  (VNM), (IDX), (JO) iPath Dow Jones-AJG Coffee Total Return Sub-Index ETN 4) Coffee Perks Up.  Coffee prices rocketed to a seven month high last week after the International Coffee Organization published a report predicting a serious decline in global supplies this year. Exports from Vietnam (VNM), the world’s largest supplier of low grade [...]