PCX: Long Idea

Patriot Coal Corporation [[PCX]] Currently the #1 stock inside The PPT, is breaking out to new highs.  I like here above 14.12, with a stop right beneath that level:

Other stocks on my radar: GROW, BOOM, YGE, GIFI, IO, PBR, MSTR, QTM, VALE, IPI.

I will list the top ten stock and chart inside The PPT tonight.

Top pick based on The PPT technical score, Stone Energy Corporation [[SGY]] :

Top pick based on The PPT fundamental score, [[CSKI]]

Top pick based on The PPT overall Hybrid score, Patriot Coal Corporation [[PCX]] :

What a great day for the bulls as we have new highs in the S&P, DOW JONES, & NASDAQ. We also have our break in the 50 day moving average in the Russel 2000:

I will be watching to see if we can close above the 50 day today.

There are numerous stocks on my watchlist, a few names include:

MicroStrategy Incorporated [[MSTR]]

Yingli Green Energy Hold. Co. Ltd. (ADR) [[YGE]] (pretty much the whole solar sector has a good tone to it today)

Dynamic Materials Corporation [[BOOM]]

U.S. Global Investors, Inc. [[GROW]]

[[CTDC]]

IntercontinentalExchange, Inc. [[ICE]]

Agria Corporation (ADR) [[GRO]]

ION Geophysical Corporation [[IO]]

PetroQuest Energy, Inc. [[PQ]]

Stone Energy Corporation [[SGY]]

Let’s see if the bulls can close at the highs today.

Dynamic Materials Corporation [[BOOM]] Moober’s top pick

MicroStrategy Incorporated [[MSTR]] $100 roll

Yingli Green Energy Hold. Co. Ltd. (ADR) [[YGE]] Made OA’s Watchlist:

[[CRIC]] I smell Momo, made Trader Stewies (OH) list, check it out:

HealthSpring, Inc [[HS]] I like this one on strength:

Monday:

• CHINA ARCHITECTURAL ENGR INC CAEI
• FLOTEK INDS INC DEL FTK
• Lowe’s Companies LOW
• Pacific Sunwear of California, Inc. PSUN
• ReneSola Ltd. SOL
• SINOVAC BIOTECH LTD SVA

Tuesday:

• Canadian Solar Inc. CSIQ
• China Precision Steel, Inc. CPSL
• CHINA SKY ONE MEDICAL, INC. CSKI
• GigaMedia Limited GIGM
• Home Depot Inc HD
• Jacobs Engineering Group Inc. JEC
• Saks Incorporated SKS
• Salesforce.com, Inc. CRM
• Target Corporation TGT
• The TJX Companies, Inc. TJX

Wednesday:

• CHINA SUNERGY CO LTD CSUN
• GUSHAN ENVIRONMENTAL ENRGY LTD GU
• Gymboree GYMB
• Hot Topic HOTT
• Jack in the Box JACK
• Mitsubishi UFJ Financial Group MTU
• PetSmart PETM
• Solarfun Power Holdings Co. Ltd. SOLF
• Woodward WGOV

Thursday:

• China Medical Technologies, Inc. CMED
• Foot Locker, Inc. FL
• Gamestop Corp. GME
• Gap Inc. GPS
• Sears Holdings Corp SHLD
• Suntech Power Holdings Co., Ltd. STP
• The Buckle BKE
• Trina Solar Limited TSL
• Zumiez Inc. ZUMZ

Friday:

• Kirkland’s, Inc. KIRK

Going through my daily scans, many charts are setting up for a huge move lower. I am seeing numerous bear flags as well as stocks hitting major resistance points.

I will be away due to prior obligations, but today could be an interesting day. The Russell 2000 still owns the market, so continue to watch the index for clues.

I will leave you with a short setup sponsored by Fluor Corporation (NEW) [[FLR]] . I would short this name with a move below $43.58: