Another Quick Post Before the Weekend

This market is a puppet. Every time we see a sell off, it happens because we don't know what else to do. We have to look to the government to tell us what the next move is going to be. The overall market was a complete mess today until 2:14pm when the White House press secretary said that they don't have plans to nationalize any banks, even though I think they should.

Here are two things (of many) to look for next week. Look for actual details coming from Geithner on housing and banks. If we don't have some serious clarity, look for the market to sell off. It will sell off just like it does when it doesn't know what else to do. Remember, we don't have earnings to take us higher. The market is a puppet of the government. People do not want to risk capital when the government is not giving clarity on what the rules are going to be.

The other thing I am looking at is First Solar (FSLR) earnings. They are set to report after the bell Tuesday. I will apply my option strategy to this stock and the perfect time to do so will be Monday morning. Keep an eye out for it as I will be reporting on (FSLR) later in the week. I promised that my (PCLN) trade would not be just a fluke and (FSLR) should prove it. Until next time, stay low risk..