Mexican Cement

I was looking around at FINVIZ.com and spotted a stock I invested in awhile back. The company is Cemex (CX). I was looking at the chart and was seeing a inverted head-and-shoulders pattern beginning to develop. I may look to take a position in this shortly.

Taking Profits

Nice move today across the markets, in which the Dow crossed over the 8,000 level. I wanted to thin out some of my portfolio, so I closed out my entire position of CEMEX S.A.B (CX) at $7.61 for a 6.43% profit. I sold a April 15 call on Companhia Vale do Rio Doce (RIO) for $0.80, and as a complete speculative play, I picked up some shares of Ford Motor Co. (F) at $2.94. I think everyone agress the auto industry is bound to consolidate, so I'm taking a stab at who I think will survive.

Oversold

I picked up an additional 100 shares of CEMEX (CX) at $4.63 and decided to lock in my profits by selling my Ultra Short S&P 500 (SDS). I think the S&P 500 has some additional downward movement, but I don't want to get too greedy since I've already locked in a 49% profit.

Doubled Up

I took advantage of the downturn yesterday to double-up on my CEMEX (CX) position at $9.11 and I also added Peabody Energy Corp (BTU) at $22.96.

Time for Coal?

Yesterday a co-worker and I discussed the Obama plan and he is looking to make a play on the inauguration and Obama build out by investing in some coal and energy. His research has led him towards Peabody Energy Corp (BTU), Arch Coal Inc (ACI), Cliffs Natural Resources Inc (CLF), and CEMEX S.A.B de C.V. (CX).

Another option would be to invest in an ETF such as Market Vectors Coal ETF (KOL). Some concerns going forward with this play is its large foreign exposure into China and the lower volume, so it may be hard to trade this actively.

Infrastructure Plays

President-elect Obama wants to begin the largest investment in U.S. infrastructure since the 1950's. This investment includes the creation, maintenance, and repair of roads and bridges. All this investment requires materials such as asphalt and cement, so I am going to do some more digging around for companies that would thrive in this realm such as Vulcan Materials (VMC) and Cemex (CX).