One More Chart: UYM
More Charts
JASO: Solar
SD: Energy
SQNM: Biotech
DRYS: Shipping
RIG: Energy
SQM: Ags/alternative energy
Semis Breakout?
The semis have had a run the past few days, are they finally ready to rise from the dead? Here are a few charts courtesy of Leavitt Brothers. Hat tip: Stewie.
Here are two stocks that The PPT picked up on:
The first is SIGM, I highlighted this stock a few days back in my Christmas presents post. The company makes the stuff that comes in Blu-Ray players. The PPT issued a buy on it a few points ago in the mid 7’s. I would like to see the stock break above resistance before entering on the long side:
The next stock, NVDA, was also highlighted in my Christmas Presents post. The PPT hybrid ranking almost rates it as a buy, I would like to see this one trade above $9 before entering on the long side.
UNH: UnitedHealth Group
UNH was put on my radar by The PPT‘s screener. It has been showing increasing strength since the double bottom around $15. The stock is also above both the 20 day and 50 day, and is about to clear some overhead resistance around $24.
As you can see by the picture below, UNH’s hybrid rating is about to be above 3, which signals a buy based on The PPT‘s computer model.
Keep UNH on your radar this week.
Note: Look for more PPT picks later in the day.
Note II: The PPT nailed DRYS, buy issued @ $4.19
Stock of The Year Contest
Welcome to the 3rd annual MadStocks ‘Stock of the year contest’. Started in 2007, the contest had winners across the board with Zillionaire wining the Crown in ’07 with his pick in APOL. However, he failed to claim his prize. What ever happened to him?
This year produced a bunch of losers as many did not anticipate a financial meltdown. However, it looks like Market Monk, a great friend of mine, got it right, and will win the title for 2008 with his short in ABK. Here are the top 5 leaders:
The 2009 contest starts this weekend and will remain open for the remainder of 2008. The rules are the same: no duplicate entries & stocks must be above $10. To enter, you must be a regular around iBC, wallstreak, stocktwits, or run a financial blog, simply leave a comment with your stock pick. Let the games begin!
Note: Your cost basis is determined by the closing price on December 31st.
Comments »
