Where is my cheap Gas!

Well gas is soaring today, which is a delayed reaction from yesterday's storm. I am typing this as I run to the gas station and get my "cheap gas" before it rockets up more. Taking everything that can hold liquid to fill. Garbage bags, buckets, baseball hats, thimbles etc..lol Thus, market is selling as a result, but not in a panic way. Being this is the end of August, there are not a lot of people around to sell. The key is what happens when people come back from their break. I think reality hits next month and the camp on how "oil doesnt matter anymore" is going to get proven wrong.

As far as trades go, GOOG scalps and maybe a short on ENER tomorrow being it is technically overbought. Still like the deal, but the trade is pure technical being it is up 8 days in a row. As far as GOOG, people might start thinking of the net as a strong sector due to they can't afford to drive anywhere so maybe they do more web surfing..ie helps net stocks. Any perverse logic like this works sometimes, so you heard it here first. Outside of those, BIDU off the open run for 2 worked and CPST is up nice off Cramer pump and some speciality energy deals and such.

All in all just scalping and not getting to wrapped up into buy and hold here. Watching BIDU if it can break that 85 resistence level. It is up today due to some "independent" Chinese reasearch group said they are leading Google over there. Key world, "independent" lol. But all in all, wait for the trade and don't get greedy. Tons of singles to make a homerun rather than big swings till things get better.