Despite the market being down a bit today, many stock are holding up well. I’m still focused on small caps here, names like: $MOBI, $TAOM, $GURE, $MNI, $AVL, $SHZ, $YGE, $PRGN.
The NASDAQ paints a perfect picture today. Nothing more than a simple pullback to the 200 day MA:
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Nat gas is also holding its breakout well, and I’m looking to add names like $ECA on this pullback. Love the look here, easy to manage:
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Encana picked up a butt load of oil/gas leases here about a year ago on a supposed deep shale play. Spent major dollars per acre on it. So far the formation has proven to be a flash in the pan. Keep an eye on things…….