Late Day Post…

As I promised last week, over the weekend I thought about the things I can do in the market that expose me (and you) to less risk. Here is what I came up with (Which I sent to my paid subscribers):

This week we’ve begun looking for more opportunities.

We’ve pinpointed a few areas which are extremely interesting.

First, we’re looking at some companies that are rapidly expanding thanks to the upgrade cycle in video game consoles. We have to wait before sending an alert though, because the companies we like the most are overbought right now.

Second, we’re looking into companies that should do well as the dollar drops. On the radar we have Coca Cola (KO), International Business Machines (IBM), and even McDonalds (MCD).

Third, we feel consumer spending will ratchet down. And thanks to the credit crunch, retailers that are underperforming will have a hard time getting credit. So we’re looking to short some weak retailers.

Lastly, we still feel very strong about the commodities and agriculture bull run. Once prices fall back to earth, we’ll look to get back into these sectors.

Because of the volatility we’ve seen in the markets lately, we’re also going to recommend options which provide more time before expiration. This should reduce our risk substantially.

All of these actions should help us make some substantial gains in the months ahead. And the next trading alert could come as soon as this week, so stay tuned.

In the end, i’m absolutely fed up with how the market has been reacting as of late. Honestly, it feels almost like late 2006, when the market did nothing but hit new highs regardless of how bad news was.

I don’t think we’re anywhere near that type of market, alls considering the economy is in a completely different place. But i’m staying wary of upside risk in this market.

That’s why I want to recommend those destined to lose and go long those not. And I also want more time on my options because quite frankly, this market is much too spastic to expect significant moves to happen rapidly.

My aim is to in the next two to three weeks, be able to take my well-deserved profits back from the markets and then pimp-slap it for acting wrong.

That’s right – we should pimp-slap the market when it acts a fool.