The 6 stock I’d be watching closely today are:
AET, ABX, XOM, ANR, JCP, POT
AET> 47.00 (Very strong engulfing candle yesterday – stock in uptrend).
ABX>44.75 ( Any move above that level could trigger a vicious short covering rally, those who were short are in pain right now and with gold being strong as it is and with GDX bouncing again at its trendline, I expect to see a reaction in ABX-)
XOM>87.25 (As long as XOM holds above that 87.00 level and breaches past 87.00, it should continue rallying as it looks set to make new 20-day highs and on its way to make multi –year highs).
ANR<15.50 A break below that level could see further selling the ravaged natural gas industry.
JCP Long, this stock looks abit over sold to me, especially given the strength in the retail sector along with the consumer staples and discretionary.
POT>50.00 Probably my favorite setup for today, a break out above that key level could ignite some serious buying, especially after it touched the resistance trendline at that level 9 TIMES! I might trade a straight breakout on this stock depending on the open.
It will be very interesting to see how these ideas play out today.
AET, ABX, XOM, ANR, JCP, POT
AET> 47.00 (Very strong engulfing candle yesterday – stock in uptrend).
ABX>44.75 ( Any move above that level could trigger a vicious short covering rally, those who were short are in pain right now and with gold being strong as it is and with GDX bouncing again at its trendline, I expect to see a reaction in ABX-)
XOM>87.25 (As long as XOM holds above that 87.00 level and breaches past 87.00, it should continue rallying as it looks set to make new 20-day highs and on its way to make multi –year highs).
ANR<15.50 A break below that level could see further selling the ravaged natural gas industry.
JCP Long, this stock looks abit over sold to me, especially given the strength in the retail sector along with the consumer staples and discretionary.
POT>50.00 Probably my favorite setup for today, a break out above that key level could ignite some serious buying, especially after it touched the resistance trendline at that level 9 TIMES! I might trade a straight breakout on this stock depending on the open.
It will be very interesting to see how these ideas play out today.