Cure Your Cocaine Addiction

No, really.

I have no idea how big of a market this is, but I found this note by Notable Calls interesting. Take a look

After pulling up the chart I must say this one could gain some momo. Before I get any further, I must warn you that these biotech names are liable to blow off your arm, especially a dollar name. Any piece of negative news with ensure a 50% loss of greater. So if you want to play this name, be very careful.

I will be looking to see if we have any follow through tomorrow morning:

In a bull market, I like to use weakness to buy strong stocks that pull back to former resistance. Let’s use Bucyrus International, Inc. [[BUCY]] as an example:

The stock broke out over $34 a few weeks back, since then the stock has not done a thing and is now hovering around support. This gives us a low-risk setup allowing us to place a stop right underneath support. If we are wrong on the trade we will be stopped out for a minimal loss.

BONUS: If the market does fall into the abyss here, this is about the best looking short setup that I’ve seen in a while, STEC, Inc. [[STEC]]

Yahoo! Inc. [[YHOO]] Still high on my list, we got a close above the recent high today, keep this one on your watchlist:

Tenet Healthcare Corporation [[THC]] is developing a nice pattern, watch for strength accompanied by volume for your entry:

[[BPZ]] I will buy this on further strength in oil:

Loaded up with Advanced Battery Technologies, Inc. [[ABAT]] @ 4.30. This stock smells like money, it is in the hottest sector, Henry Fool likes it, closing above the 50 day, and rumors are circulating about a partnership with Apple Inc. [[AAPL]] .

ABAT 4TW! See you guys tonight.

Take a look at KeyCorp [[KEY]] . This chart offers a great risk-reward setup trading right above the 200MA. Buy here with a stop right below the 200 day moving average @ 6.58:

Oil is on fire today. Here are a few charts setting up:

EOG Resources, Inc. [[EOG]] threatening to break resistance

PetroQuest Energy, Inc. [[PQ]] , still in ths name and looks great as long as it satys above $6:

Nabors Industries Ltd. [[NBR]] is looking to breakout to a new 9mo high:

ION Geophysical Corporation [[IO]] This one can get moving above $3.75