Good Wednesday to all. Yesterday was a day to forget, but this morning, we are looking much more cheery with good 
numbers out of JP Morgan and a decent retail sales report.The banks appear to be following higher with JP Morgan’s earnings allaying fears over whether banks could make money with new regulations. It appears so. JPM reported a nice 1.28 EPS over the 1.15 EPS expectations. We are currently holding Apple (AAPL), First Solar (FSLR), and DR Horton (DHI) short. Here is the plan:
AAPL – We entered at 331.80. We are looking to exit our first 1/3 of the position at the open since it looks poised to open above our first target of 1%. Our next target is going to be 340.
FSLR – Looks ready to open at where we bought it, and we are looking to exit our first 1/3 in this position at 146. Everyone got in cheaper than me so take a 1/3 exit at 1% gain if you get it.
DHI – We will close out short at the open…it was just working as a hedge.
Let’s get into today’s pick…
