[youtube:http://www.youtube.com/watch?v=okHGCz6xxiw 450 300]

Maggie Lays It Out for You

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I think it fitting that I spent most of the day away from you, gentle reader, in a room full of bored and cored, screw-tapped and dew-lapped copper, titanium  and aluminum gew gaws.

What better way, after all, to celebrate the next emerging bubble in basic and precious metals than to revel in the presence of those commodities end-products?  And here’s what’s crazy… despite the high prices of these manufacturing inputs, the companies that produce highly machined components from these sources are getting TOP dollar right now, less than 13 months from a near Armegeddon bottom in March of 2009.

Imagine that, huh?  One would think there’s the scent of easy money in the air.

I still think we’re in for a pullback and maybe it’s this week or the next, but it’s coming, because we have to reset some of these overbought conditions.  It won’t be much though, I shouldn’t think, and I have three pullback plays just itching to be triggered on any moderate pullbacks.

The first is from the aforesaid metals group, and a past holding of mine.   I held RTI International Metals, Inc. [[RTI]] back when it was around $11-$12.  I believe I sold around $15, much to my chagrin:

Note that I don’t think this commodity leaper will pull back much.  Perhaps to the top of the consolidation zone at $31 or so.

Next, two old friends.  The first is one of my oldest and longest term holdings.   I’ve said in the past that I think United Parcel Service, Inc. [[UPS]] leads the trannies, and so leads the market.  Recently, that theory has held up.   UPS is looking like it needs to form a pullback “handle” here, in order to consolidate and take off again.   You can see my target:

You can see that even on the weekly, she looks rather overbought.   A pullback to $62, at least, is in the cards on this one, I beleive.

Last I offer an old friend that was originally brought to us by our oldest of friends.   I’ve owned some a while and not looked at it for some time.   Well, it looks like [[ENTR]] is prepping for big things at last.

Viva la Cable Box Revolucion!  

Be well, all, and keep an eye on [[UUP]] for further signs of a commodity revolution.

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UPDATE:  This Rocks, and it will also educate your kids.  What more can you ask for?

[youtube:http://www.youtube.com/watch?v=d0nERTFo-Sk&feature=fvw 450 300]

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Remember, don’t ask for any bullshit cawfee machines, kids!

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Sawry, I just got a bunch of deal docs dumped on me at the end of the day, so I haven’t the time to defenestrate lefties or argue the merits of very tiny disposable instant cawfees.  

You’ll just have to make due with two interesting ideas that popped up today.   Overall, I still think we’re just about to roll over, but that doesn’t mean you can’t corral some cheese goats in the meantime.

First chevre du fromage is [[TBT]] , which seems to be indicating that — sovereign debt crisis be damned — US Treasuries are not exactly the bargain of the year, ovah heah:

A little bit overbot in the RSI, but one to watch.   Next stop, the 50% fib at $50.27 or so.

Besides our PM’s,  TBT is one of the best defensive stockso to hold for the coming currency dump.

Next, titanium producer RTI International Metals, Inc. [[RTI]] which I’ve owned off and on in the past, but own none right now.  I think the commodity play will be on in full force later in the year, but I also think steel is moving early:

 

Ciao, bella.

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`Twas brillig, and the slithy toves
Did gyre and gimble in the wabe:
All mimsy were the borogoves,
And the mome raths outgrabe.

“Beware the Jabberwock, my son!
The jaws that bite, the claws that catch!
Beware the Jubjub bird, and shun
The frumious Bandersnatch!”

He took his vorpal sword in hand:
Long time the manxome foe he sought —
So rested he by the Tumtum tree,
And stood awhile in thought.

And, as in uffish thought he stood,
The Jabberwock, with eyes of flame,
Came whiffling through the tulgey wood,
And burbled as it came!

One, two! One, two! And through and through
The vorpal blade went snicker-snack!
He left it dead, and with its head
He went galumphing back.

“And, has thou slain the Jabberwock?
Come to my arms, my beamish boy!
O frabjous day! Callooh! Callay!’
He chortled in his joy.

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(Note: Above is actual eye witness report of my Fed Dollar battle today)

Not much to report tonight.  A little bit of pullback at midday, but I did indulge in some egregious silver miner [[CDE]] call options (as reported in the earlier thread, I took down 40 Oct. 17.50’s at $2.60) for a lark.  I really do think CDE will be a nice hold here for a bit.

IAMGOLD Corporation (USA) [[IAG]] had some run up today (to $14.87!) but then sold off to end the day at $13.40. This stock doesn’t seem to know what to do (it was up again 25 cents in AH), but I would guess it’s going to consolidate along with a bunch of other fast runners here, including even our $HUI index. I still like silver here, as I may have mentioned.

On the non-precious side The Andersons, Inc. [[ANDE]] has broken out over $33 and my next target is $39. Despite all the other rockets popping, this is still my best performing Jackson at +99.6% since our May 1st inception.

Other non PM Jacksons that look strong here are again Thompson Creek Metals Company, Inc. [[TC]] and Teck Cominco Limited (USA) [[TCK]] . Monsanto Company [[MON]] bides its time, but reserves the Hippocratic Oath for now. Other non-PM “hoppers” I like include RTI International Metals, Inc. [[RTI]] , Calgon Carbon Corporation [[CCC]] , Titanium Metals Corporation [[TIE]] and yes, even Alcoa Inc. [[AA]] .

The Jacksonian Portfolio stands at a “mahvelous” 31.4% return for the little more than four months its been in place. I thank you for your patronage.

See y’awl tomorrow.

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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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