The shift from bearishness to bullishness continues. However, there are some minefields to avoid—particularly those that have been fertilized. That’s right. Stay away from the ag chemicals space, especially [[POT]], even though it has backed up to 195 from 215.

This is not a buying opportunity. Yes, the numbers were great. Yes, the guidance was very good. But, POT is vulnerable to a sell off. High multiples, cautiousness on commodities and growing negative sentiment on ag stocks  should keep you away for now. I see support in the 150 - 160 area.

I still like the stock long term and would take a position once it reached the support target.

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For those of you familiar with Dennis Gartman, know this: he is now going long stocks. This has not happened in quite some time. He has been bullish on commodities, but recently, in fact, three days ago, he blew out his gold position. Gold has little support here, and we could see $825 in the near term. If you want to play this, it’s probably a nice short term trade using [[DZZ]].

Stocks continue to look attractive. Expect the Fed to cut another 25 bips and then pause. This should spark a rally in the $USD near term. I’ve been long since the first week in April (04/03/08) when the DJIA was at 12,600. At current levels, you have not missed what is yet to come, imho. You can go long [[DIA]], [[SPY]] to get exposure.

Did you know that the 3-mo T-Bill is at 1.29% and the 6-mo is at 1.69%? Ergo, you are being de-banked by inflation. Don’t be a Waldo and hide in cash right now. With commodity prices potentially coming down and the $USD stabilizing after the soon to be interest rate cut by the Fed, the risk-reward is favorable for stocks.

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Finally, I might be a little early, but now is the time to start looking at some healthcare stocks. There, I said it.

My sources are telling me that they’re seeing a shift in pricing power, particularly in the hospital market. Take a look at [[THC]] here at $6. This could be a short term trade to $11. Also[[HMA]] currently at $6.90, going to $10.

That is all for now. Kudos to Gunners for the value-added perspectives on commercial RE.

Happy Friday. 

Disclaimer: Don’t be an asshat and immediately take these comments to heart. This info is for your educational benefit and edification. Do your own due dilly before taking action. In case you didn’t get the memo, investing involves risk. You can lose money, obviously.