The following charts were posted to Chartpin.com earlier in the week, here’s a review:
Oil – Top idea in 2013 is #blackgold, and I want leverage using the double long ETF $UCO:
$GOOG – My number 2 picks in 2013. This will be the year the stock finally hits $1000. You got to love the perfect pullback down to support. GOOG is free to run in 2013:
$OPEN – take over candidate in 2013, also setup on the weekly chart. I’m looking for a big breakout this year:
$SINA- recycling my pick of the year from 2012, as it failed to preform, but I think social media picks back up in 2013. Buying SINA gets you long weibo, which is twitter in China. Buying SINA also get you long China, which will have a breakout year in 2013:
And, here’s a look at China via the $FXI:
$PBR – finally we have Brazil + oil. PBR gives you exposure to emerging markets, and also gets you long oil. The stock also pays you a dividend and is going higher in 2013:
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Happy New Year, may 2013 bless you with more coin. I’ll be back in a bit to share some trading ideas as we head into the first trading day of 2013.
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The only problem with $PBR is it’s a horribly run company. They are very inefficient, tend to overstate their reserves, and cannot increase production at reasonable costs. But they have the buzzwords oil and Brazil going for them… whatever.
Avoid.