Ooops...

What a start to the year....my first lesson learned...don't go against the trend. Don't assume you're going to have a slow start but people will come around to your way of thinking. GS lowered oil service expectation. Hedge Funds are learning from mistakes last year and jumping out of oil and into what analysts are recomending. Mutual funds are leaving. Despite all the great reasons why oil should be doing well or moving up, it's just not going up. Nothing short of mega-blizzards and oil shortages (along with a Fed cut) will bring oil from it's dormancy. So what to do? I've already gone ahead and starting looking into tech. With everyone seeing what's been happening today, we should see more piling into tech tomorrow and perhaps a move around to the likes of biotech. Because of this recent turn on my oil idea, I've jumped out of HAL and VDE right away and an am making some TRADES to see if I can capitalize on the short term strength of the new year rally. I've gotten into GOOG, ORCL and MRVL for some tech trades. I've chosen BAC as my short term financial and AMGN and BMRN for a play on any biotech rally tomorrow. I'm looking into BAC for a long term financial hold and any sort of strength in MRVL as it's lagging other chip makers. More updates later and a summary tonight with my current holdings and my plans for each.