The Wrap 4/19/11

{+++} We saw a nice rebound today in oil, materials and commodities. Silver hit more highs and gold held firm. It really is a stock pickers market as we are seeing big moves in all types of sectors. The China tech stocks have been amazing with big moves this week in stocks like SINA and SNDA. The momentum names have stormed back the last couple of days and names like LULU and MELI are running.

We follow momentum here until it stops. I still think we have to be very cautious up here, but some longs still look good. Here are are few names to watch tomorrow. I hope you had a great day. Please check the P&L for any adjustments and entries.