There are a ton of great looking charts in the oil patch, just take a look at the [[OIH]] , breaking out. Keep an eye on the service companies here, one of which is Smith International, Inc. [[SII]] :
If you’re into Brazilian oil, take a look at Petroleo Brasileiro SA (ADR) [[PBR]] , I love it as long as it stay above $45.75:
If you’re looking for a metal mining play look no further than Teck Cominco Limited (USA) [[TCK]] . A PPT favorite, this name is fixing to make new highs, I am a buyer on strength:
Let’s switch gears for a second and look at tech, how about a little Brocade Communications Systems, Inc. [[BRCD]] in your life. Today, the stock broke its downtrend line on heavy volume, and closed above a recent high. I like this one:
Can’t forget about a financial, Wells Fargo & Company [[WFC]] is fixing to break a significant 2yr retracement level, I’m a buyer above $29.50:
And, for my absolute favorite pattern to trade, THE BULL FLAG. YRC Worldwide Inc. [[YRCW]] is beautiful:
TCK rocks! I am glad it’s getting the attention it deserves from the Rage Cage. I think somebody must post about it every day in the PPT.