Today's Twitterd Tickers $CTDC $SPY $SRS $TBT $USO

Here are the tickers making noise on StockTwits

CTDC is showing a basing pattern, and a high volume Bollinger break in an uptrend. This looks like something worth buying on dips, but it is currently over extended.

The SPY is showing encouraging stability and remains in an uptrend.

If the shit hits the fan, SRS will be a good place to get involved, just look at that volume! Real estate has not kept pace with the recent rally and may have more downside to come. This is a very speculative long, beware.

TBT continues to rip upwards on huge volume. This is proving to be a great, low volatility trade in a fundamentally sound direction. Great risk/reward in this one. I'm buying the dips, rips and whatever else the tape can give me.

Oil continues to make an impressive rebound, and though we may have a pullback, I suspect this is the real bottom. Clearly, it is too early to say with certainty, but I'm buying DXO intraday and DBC for longer term positions. The risk reward has been PHENOMENAL.

Today's action was great, even if the indexes ended up a tad red. Treasuries are still weakening which is giving a boost to oil and emerging markets. There is also excellent action in fixed income, but I'll provide those charts in the next post.

StockTwits Hot Picks

Here are the ticks making noise on StockTwits

ARTC looks like it is headed to 0, but I would cover some shorts on that volume. Hawaii Trader had the scoop on the short here.

As I mentioned here, CPB and consumer staples will lag the market's inflation bounce.

FAS and FAZ were both DOWN by the close Friday. Very fishy, but I'm day trading these Madoff's till the party is over.

GM has had a nice bounce, but anyone buying this for more than a trade is nuts.

The SP500 is putting in some good work here. The upper Bollinger rests at a critical resistance level, so there will be bullish major interest if we break through.

The market continues to show remarkable strength in the face of scandal and underlying economic weakness. Don't fight the tape, ride the wave of bullish profits till we make the next leg down. A SPY price target near the Lehman collapse days of early September is the most bullish scenario for now. Small position size is warranted as the falling volatility is still unusually high.