Wednesday, May 22, 2013
Posted by Cuccaa at 6:06 AM
"X", a stock I day trade a lot, "MIGHT", break over a down trend line very soon and, "MAY", be headed back to $20. After that, well, who knows, with all the LOOOOOOVE in the market, it could go back to $180, that is, if the same people that have been driving those POS solar stocks decide to jump on the material sector.
Of course, it, "COULD", find resistance at that down trend line, or double top around $19, and head south again back to $16 or some thing, so, as always, use caution.
One of my old Fav's, Alkie, AA, is on the moooooove again, and if it can clear that resistance at $8.80 it has a date with $9.00 again, and could be pointing to $9.20 and a test of those prior highs.
Posted by Cuccaa at 6:00 AM
Pristine Trading is having an open house day on Thursday in the Pristine Method Room, if you have not already done so, you can sign up for their free services and get access to the room at http://www.pristine.com/, check it out, Paul Lange is one of the very best.
This week's swing trading watch list from Toni Hansen. The list is rather short as she expects the upcoming week to be possibly rather choppy and volatile, thus not very conducive to taking new swing trading positions. Patience, patience, patience!
Please review the download for this week's session for greater detail on the securities and strategies discussed. Our Focus Stocks are covered immediately following the Market Overview.
This Month's Investment Watch List for Position Traders:
GCA, PWR, BSX, GGS, LXU, HWKN, LCUT, DNB, STJ, NVDA, APA,
EXPD, LVS, POT, FLY, EVER, OZM, APL, EEP, BSX
Additional Daily Stocks to Watch
Long: MELI, GLP, PMFG
Short: TRV, CBD T, NVO, INTU, CRR, CMCSA
Posted by Cuccaa at 5:51 AM