Here is a screen I run everyday to find trade ideas in The PPT. It finds stocks that have a high change in hybrid score coupled with volume, here are the results so far:
Comments »Let Copper Be Your Guide
Copper has had a strong recovery after the breakdown we saw a few weeks back. The 20 day chart has a bullish look to it with somewhat of a bullish inverted head and shoulders pattern setting up. If copper can get moving here, I like the chances of continued upside in the market. Keep it on watch:
Comments »Can The Dollar Bounce?
The US dollar could possibly breakdown from this descending triangle pattern, which in turn will be good for stocks. But, normally the dollar tends to overshoot support levels before bouncing. We still have support at 75.60, but it could get ugly here on further weakness. Just something to note, keep it on watch:
Comments »MMR: Long Idea
Keep an eye on MMR, if oil reverses higher this one has a good chance to breakout. I would wait for a move above today’s highs to jump in:
Disclaimer: Long.
Comments »More Good News For Solar
$JKS surges on higher sales & lower margins.
Solar is in a good spot here with oil near $100/brl. The industry has had a decent pullback after recent strength and many solar stocks have pulled back to support. Here are my favorite:
$STP:
$CSIQ:
$JASO:
Comments »Rare Earth
There has been a few positive reports over the past week on $MCP, click here for notes. Both $MCP & $REE both appear to be in an easy to manage spot, buy here while setting stops below the lower trendlines. I will be watching the group this week, and may take a stab at $MCP in anticipation of a breakout. Here are the respective charts:
MCP:
REE:
Note: Week 2 begins in the March Madness tournament, congrats to those who made it to the next round. The winner wins $1000 of The Fly’s money.
Comments »