SWC is near a breakout of two different types of bases over two different time frames. This could be explosive!
GNK has had a big rally, but is about to hit another resistance level!
JASO already had one "triangle" formation, but it failed to act and just started making an even bigger one. Watch this for a break out/down:
Some crap I'll be keeping an eye on tomorrow:
XOM:
TXCO:
FEED:
OVTI:
And my favorite for tomorrow, SWC:
I went crazy today and made a bunch of trades.
FEED: Out at 2.93 from 2.35 (nice)
SH: Out at 72.16 from 78.63 (ouch!)
SWC: In at 4.4, out at 4.75 (nice)
LDK: In at 8.3, out at 8.15
GNK: In at 15.05, out at 15.40
Exhilarating.
At the end of the day I realized I was seeing too many mixed signs about the market. I had been a converted bull for a few hours, buying break-outs like it was 2007, but then realized that after having some fun in the water, I shouldn't forget to watch for lurking sharks. I have a feeling some of the giddy bulls around here are going to get their prairie oysters shucked off unexpectedly and ground into oblivion.
I'm probably wrong. Hopefully I'm wrong--it'd be great to see a confirmation of a new bull market. We'd need two things to set a new trend, at least according to the Dow Theory:
The breakouts I bought today will SOAR if news turns out well in the next few days. I'll catch the late train and bank less dough, paying for my uncertainty.
Read this post by Alpha and I looked up a platinum mining company. Here's my chart idea:
