Already a trade for me this morning right out of the hatch, as New Gold (NGD) broke out of its ascending triangle a few minutes after the market opened. I’m never a fan of buying stocks right at the open, but when you do it, you have to be willing to expect a little extra
The bears have yet to provide the follow through that we were all looking for, and quite honestly it concerns me that we still remain situated right on that trend-line from 9/1. I don’t think the bears are proving anything until they can push the market below the rising trend-line, and keep the dip-buyers away.Â
Here are some interesting day-trades you can take that I have found interesting JBLU: Nice consolidation after extended sell-off. Looks ready to pop around $6.11 ONNN: Consolidating nicely at the highs – I’d Jump in at $11.88.
Market is continuing to buy every dip it can get its hands on. With a bad inflation number the market initially sold off, but it didn’t take much time for that dip to get quickly bought up. So below, I’ve given you the charts on the three setups I like the best this morning, along
A rare long position for me these days. But I’ve been watching Taseko Mines (TGB) for a few weeks now, and it has finally reached my desired entry of $6.09, not to mention it was one of my three breakout plays that I posted earlier this morning. Here’s the Chart on TGB.
No surprise with the markets today, as the slightest of sell-offs yesterday has resulted in a march to new recovery highs today. Below I’ve put together the three best setups for taking on this market, and being able to profit from it in the short-term. LONG: Taseko Mines (TGB)
I jumped in this morning on URRE for a day-trade after it broke the neckline of the inverse head and shoulders pattern, and broke the downtrend that is currently in  place. My stop-loss is at $3.24. Here is my chart analysis on URRE.
Looking through some low-dollar stocks this morning, I found three in particular that looked prime for the trade. I’m going to warn you though, these stocks move fast and furious, so you want to pay close attention to them, and use tight stop-losses. LONG: China Shen Zhou Mining & Resources (SHZ) Â
Added a new position with Sandisk (SNDK) which was upgraded this morning by Sterne Agee. The stock continues to rally on declining volume, and managed to find some resistance right at the descending trendline. Optimal risk and reward here as my stop is very tight going into the trade. Not to mention of course, that
If the market is going to  continue going up next week (which I am betting against it doing, but who knows, the S&P could see 180,000 before there is a real pullback), the six stocks below are some of the best setups to have on your radar for profiting from further market gains. If we