There’s a lot of Dr. Seuss read in my house these days, so doing tricks with bricks and blocks is something with whch I’ve become quite comfortable. The candles in the charts are another trick brick block tack I take on here as well, as you know, and this weekend I’ve got three “outliers” for you.
Here are three charts for stocks I’ve been looking at recently and which I believe are showing some short and long term promise. Keep in mind, the Jacksons are our long term picks, and while some of these may be good for a longer term hold, I wouldn’t characterize any of these as “buy & hold” for the duration type vehicles. I’ve put some targets on these for your reference. OTB-style traders rejoice.
First my old friend from the crazy days [[ARTC]], which is now trading pink sheets thanks to some accounting problems a few years back. They’ve got a new management now and it looks like they may even re-list soon. You can see from Friday’s spurt that the market has gotten a bit more accepting.
Again, this is one you want to watch closely, but you might get a nice pop to at least the 200-day EMA here ($14) and perhaps a bit higher before it breaks of this current momentum run. Not a long termer, so I just give you the daily chart:
Next is a stock with a little bit more long term potential, hence I’m going to give you the weekly look. [[TRID]] is a digital chip maker that supplies the LCD market, one that’s gotten all kinds of hot here in just the last two weeks. This is one The Fly likes a lot and as a consequence, has had the PPT (are you enrolled yet?) buzzing for the last two days. Again, note the short term targets, and the “fantasy targets” well north of there.
My last look is a cousin of the Jacksonians in [[TIE]] the titanium producer. As you can see, it’s broken above some significant resistance here on the weekly, and I think the 38.2% fibonacci is a promising target for the intermediate term, above $17-. [[RTI]] is another significant mover in this space, but I think TIE has more room to catch up here, and so could be the more promising for a trade.
As alway, please remember that dabbling in any stocks in this dicey of a market will likely lead you to a freak lawnmower accident while pricing John Deere “Zero-Turns” at the local Home Depot. I’d much rather you convert all your money into Franklin dimes, put them into Mason jars and salt them throughout your in-laws’ backyard.
Best to you all.
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I have TIE. Like it a lot.
Re: last paragraph. You think this rally is out of gas soon?
Not necessarily. But we are at some significant resistance levels here, so we need to be cognizant of that.
That said, I’m amazed at the number of strong charts I’m seeing.
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TIE looks like a good one- thanks Jake! have a great weekend
TRID looks interesting to me but I repeat that I think investing in a single stock is a bit like trying to determine the fate of a feline in a box with a randomized toxin delivery system attached.
Ah, yes — and you can allay risk by investing in an index, is that it?
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‘best to you all.’ thanks, i’ve got my cathcher’s mit primed to grab some best. oh, btw, can you cut out the mental masterbation and keep it concise? a simple ‘buy precious metals on dips and furthermore here are my thoughts on the technicals of a few commodity related names.’ concluding, you are clearly a genius.
It’s easier to figure out where a train is going by looking at the collection of molecules than it is to examine the electrons underneath.
Flo, late attempt at flattery aside, go get me a side of hash browns.
Fyi- only one of the above three is commodity related, while the other two are tech and health care picks.
Pay closer attention.
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Cuervo- Not for nothing, but I think the Quebecois-to-English Babblefish translator screwed that last one up.
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Jake – what do you think of uranium? I got in URRE end of last week, so I’m about breakeven but I feel like there are better places for my money right now to bank some coin
Jake,
What do you think about this?
” June 5 (Bloomberg) — Investors should sell platinum and buy palladium when the spread between the precious metals exceeds $1,000, making platinum “extremely expensive” for industrial users, according to Equidex Brokerage Group Inc. ”
http://www.bloomberg.com/apps/news?pid=20601109&sid=avT9stgr3JHY
PAL for Palladium?
URRE looks good, but could be consolidating here for a couple of days while it decides whether it’s going to challenge the 200-day EMA again (1.57).
Long term, $4.00 is not out of the picture.
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hmmm…
Someone posted that the other day (Boomer?)
I think that makes sense when we are price platinum as an auto commodity.
I think platinum is going to be priced as a PM going forward. It should be compared to gold, not palladium.
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The latest on those scumbag Cuban spies.
Not surprisingly, Asshat #1 (the husband) is a ninth generation WASP rich kid from Maryland who had a hissy over “the direction of America” back in the Jimmah Carter days.
Asshat needed a couple of summers digging ditches, it sounds like.
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hang them and feed them to the fish in cuban waters.
^^^^
I like that idea, Chivas.
Rather than hang them though, I would give them an inner tube at Key West and tell them to make the reverse trip back to the island they admire so much.
Maybe hang a chum bucket around their necks?
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that’s even better Jake.
Cuervos,
I used to think you had a brain.
Nice work Jake.