A Few Charts I’m Watching
Here are a few charts I will be watching heading into Monday’s trade.
I will start with The Real Estate index first, The $IYR. We could see a breakout this upcoming week above $61. A breakout in the index bodes well for the overall market.
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$ARAY, I’m a buyer above 7.15:
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$MAKO, watch for a breakout here above 37.90:
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$LNG, Chess has been on this all of last week, I think you buy a move above Friday’s high, $14.30.
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$PCX, if coal is strong early on, I may add to my position in Patriot Coal:
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7 Responses to A Few Charts I’m Watching
Love LNG as a long term play. I have a position from the $11s in my long term portfolio.
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Oh, and that’s a big F’in cup for $aray. Handle could be a little longer , but might not matter.
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MAKO=ISRG
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Monday bounce for $MCP – Market overeacted a Friday with -8% drop after management was conservative on guidance & earnings good. Last 3 consecutive Qs EPS: $0.52, $0.61, $0.41 MountainPass ahead of schedule for Q4 fully operational.
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wooops, a bad fart from a china spokesman about increasing China’s REE export quota this year. Exited that MCP trade at 8:00am.
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I like ANR along with pcx, position started Friday
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Holding WLT, CLF, BTU, YZC. A couple of these could use a little updraft.
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