Today's Winners - It's All the Same Trade/Stock

Submitted By Trader Mark
Today's winner list is an example of why this is not a stock pickers market but a sector allocation market or as I like to say "It's all the same stock" Below is a list of 73 winners returning 6% or more. Instead of highlighting the commodity or global growth stocks (which are almost all of them) I'll highlight the few non commodity/global growth stocks (a few banks of all things are strewn in).

So today, all the hedgies ran in/covered their shorts. This list is full of broken charts. What we want to see to "believe" is see them pass over resistance and show something other than an oversold bounce. Which is what some retailers have done say over the past 7 weeks. Otherwise they are just dead stocks walking enjoying an oversold bounce, no different than financials from November 2007 - July 2008

Every chart looks like this (see below)... and frankly as they rally into either their 20 or 50 day moving averages (which is about 1 more good day for most of them) they will most likely be shorted right back down.... these are easy shorts with stops placed right above resistance - across the board. If you are 'wrong' and this is a 'real rally' in these groups you get stopped out for a small loss, and you turn into a happy go lucky quant computer going long commodities on the 'global economic rebound' thesis. But do we really expect ANY rally to last for more than a few days? It's now been a full day and a half - thats akin to 5 weeks long back in 2007. This move is getting long in the tooth - it's getting close to 48 hours.

So you say buy Tesoro (TSO)? I say I already own it, its called Mosaic (MOS). You say I need some Vale (RIO)? I say, got it covered - hello look at my Foster Wheeler (FWLT). I need to buy a Brazilian steelmaker? Nah, Peruvian copper works just the same. Stupid to sell Atwood Oceanics (ATW), an oil driller? Nah - got it covered, it's called CF Industries (CF) now. There is no difference anymore - they all have the same story - so no need to own 20 when 4 will do nowadays. You see, to hedge funds moving in and out, it's all the same stock - it's just a video game now - the only difference among these are if you have to type 3 or 4 letters in during your buy or sell order.

So I lightened up some our commodity/global growth exposure across the board today, and hoping (but not counting on) 1 more nice day Monday or maybe 1 nice hour - after all it's soon Sunday night in America and you know what that means - an arranged shotgun marriage by Treasury, a surprise Fed cut, or a bailout. So hopefully we can rally Monday on these "surprises" that should be coming our way Sunday. Yawn. Can't wait for the shocker - the only question now is will it come before the 1 PM NFL games, or after? Or on this weekend will they "save" both Lehman and Washington Mutual (2 for 1 special this week?) or just 1? Oh the suspense is killing me.

(oh yes it's Friday night in America so you know what that means as well = 50%+ chance of a bank going under)

Symbol Company Name % Price Change Today RES RPC Inc 16.7 VIP VympelKom OAO 14.9 AEM Agnico-Eagle Mines Ltd 14.9 CLR Continental Resources Inc(Oklahoma) 13.0 MITSY Mitsui & Co Ltd Depository Receipt 12.8 LIHR Lihir Gold Sponsored ADR 12.6 TC Thompson Creek Metals Co Inc 12.0 MDR McDermott International Inc 11.3 GG GOLDCORP INC 11.1 HOC Holly Corp 11.0 FWLT Foster Wheeler Ltd 11.0 HUN Huntsman Corp 10.4 TCK Teck Cominco Ltd 10.2 BVN Buenaventura ADR 9.7 KGC KINROSS GOLD CORP 9.4 PCU Southern Copper Corp 9.4 MBT Mobile Telesystems ADR Rep 5 Ord Shs 9.3 AAUK Anglo American ADR 9.3 MTL Mechel ADR Rep 3 Ord Shs 9.2 ZION Zions Bancorp 9.1 CMP Compass Minerals International Inc 9.1 KBR KBR Inc 9.1 MIR Mirant Corp 9.1 CLF Cleveland-Cliffs Inc 9.0 ABX BARRICK GOLD CORPORATION 9.0 STOSY Santos ADR 9.0 VLO Valero Energy Corp 8.9 LULU lululemon athletica inc 8.8 NRP Natural Resource Partners Units 8.7 SQM Sociedad Quimica y Minera de Chile 8.6 PAAS PAN AMERICAN SILVER CORP 8.5 ENER Energy Conversion Devices Inc 8.4 SID Companhia Siderurgica Nacional ADR 8.3 RTP Rio Tinto ADR Each Reptg Four Ord Shs 8.3 SNV Synovus Financial Corp 8.2 AHGP Alliance Holdings GP LP 8.1 ACI Arch Coal Inc 8.0 BHP BHP Billiton ADR 8.0 FCX Freeport McMoRan Copper & Gold Inc 8.0 IX Orix Corp Depository Receipt 7.9 WBD Wimm-Bill-Dann OAO 7.8 BRY Berry Petroleum Co 7.7 BVF BIOVAIL CORPORATION 7.6 ASBC Associated Banc-Corp 7.5 DRQ Dril-Quip, Inc 7.5 TRA Terra Industries Inc 7.4 BBL BHP Billiton ADR 7.4 POT Potash Corp 7.4 AGU AGRIUM INC 7.3 FTO Frontier Oil Corp 7.3 MOS Mosaic Co 7.2 FHN First Horizon National Corp 7.0 MMR McMoRan Exploration Co 6.9 XCO EXCO Resources Inc 6.8 PBR Petroleo Brasileiro ADR Reptg 2 Ord Shs 6.7 UBB Unibanco Depository Receipt 6.7 ACGY Acergy ADR 6.6 SMS Sims Group ADR Representing 1 Ord Shs 6.6 AWC Alumina Ltd Depository Receipt 6.5 CNX CONSOL Energy Inc 6.4 CF CF Industries Holdings Inc 6.4 ATW Atwood Oceanics Inc 6.3 RDC Rowan Companies Inc 6.3 CXO Concho Resources Inc 6.3 HERO Hercules Offshore Inc 6.2 TX Ternium SA 6.2 GDP Goodrich Petroleum Corp 6.2 UPL Ultra Petroleum Corp 6.2 NETC Net Servicos de Comunicacao ADR 6.1 OII Oceaneering International Inc 6.1 SWN Southwestern Energy Co 6.1 KWK Quicksilver Resources Inc 6.1 NUE Nucor Corp 6.1

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