Monday Radar - UYG, Alternative Energy, Infrastructure

UYG is gapping up like I had planned for and I'm going to lock in the rest of my position here @ 4.32 in premarket.

It might gap and go but I find it unlikely in this market and I will take this opportunity to lock in another 8% on top of Friday's gains.

I will be watching it again with the same mindset as the way I played it Friday. First the volume pattern and price action should it fill the gap and then later in the day should it see a volume surge.

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This gap open is going to put most sector ETFs face to face with overhead resistance we broke down out of on Thursday. I am going to be watching to see how much selling pressure is there and be open to play either side based on that action. The obvious play seems to be to short if you keep your time frames short but with the oversold conditions I will be patient as it is very likely many shorts will be squeezed.

For longs, one of the best looking ETFs is FXI which is not gapping on the open. It made a higher low last week and saw strong volume on a good close Friday. So I will be watching a few Chinese stocks should the ETF continue to show strength. VISN is one in particular I like.

I will be also watching solars, Infrastructure, and Wind Energy stocks for a play in similar fashion to UYG. This based off Obama releasing his economic plan.
http://www.google.com/hostednews/ap/article/ALeqM5hEx3tiPJhZQLVqjNmHR_oP6FZMuwD94KFG5G0
Some of the ones I am watching are:
SOL, CSUN, JASO, STP, CSIQ, SOLR
SGR, FWLT
APWR