Coming into the first full week of 2015, here are the strongest industries on a weekly basis. Both gold and silver experienced a 20%+ change in their respective hybrid score last week. Shipping and China stocks showed strength week over week, and there was even interest for the oils down here.
____
If we get a reversal in the price of oil tomorrow, here are a few names worth watching: SDRL (long), WFT, EXXI, NADL
As far as the China plays, I like: BABA (long), BITA, MOMO (long), & VIPS
Shipping: FRO (long)
And, if the Mary Jane plays start to run, stick with the best, GWPH. I like it right here with a max stop under 65.
I’ve also got my eye on this MBLY. Good luck this week traders.
If you enjoy the content at iBankCoin, please follow us on Twitter
Oil under 50 and we will see some action, just leave it alone for now.
WRES.
Some of these small players are going to be filing bankruptcy. Big Oil sits back and watches them wither on the vine.
I agree. Just looking for a trade here, not trying to catch a bottom.
RC, for a combo China and correlated solar with oil, I’m liking the way JKS is set up.
You have some awesome ideas RC. Just want to say thanks. Keep up the good work in 2015.