I like TerreStar Corporation [[TSTR]] above $1.75, it may take another day to develop, but it is high on my watchlist. Keep this on your radar:
Bullish Charts
There are a ton of great looking charts in the oil patch, just take a look at the [[OIH]] , breaking out. Keep an eye on the service companies here, one of which is Smith International, Inc. [[SII]] :
If you’re into Brazilian oil, take a look at Petroleo Brasileiro SA (ADR) [[PBR]] , I love it as long as it stay above $45.75:
If you’re looking for a metal mining play look no further than Teck Cominco Limited (USA) [[TCK]] . A PPT favorite, this name is fixing to make new highs, I am a buyer on strength:
Let’s switch gears for a second and look at tech, how about a little Brocade Communications Systems, Inc. [[BRCD]] in your life. Today, the stock broke its downtrend line on heavy volume, and closed above a recent high. I like this one:
Can’t forget about a financial, Wells Fargo & Company [[WFC]] is fixing to break a significant 2yr retracement level, I’m a buyer above $29.50:
And, for my absolute favorite pattern to trade, THE BULL FLAG. YRC Worldwide Inc. [[YRCW]] is beautiful:
Bull Flag: YRCW
Potential Breakouts To Watch
Research In Motion Limited (USA) [[RIMM]] looks great with earnings right around the corner
Trina Solar Limited (ADR) [[TSL]] Closed near the high of the day:
E TRADE Financial Corporation [[ETFC]] Very strong in a weak market, watch for the gap fill:
Powerwave Technologies, Inc. [[PWAV]] Small cap potential, I am a buyer on strength
[[INO]] another biotech that could fly off the 50 day
Biotech Fun
Everyone is on the biotech train. The gentlemen inside the matrix, aka The PPT, have been banking buckets of coin in [[CVM]] . Another one that needs to be monitored here is Dendreon Corporation [[DNDN]]
The stock is now trading above its IPO price, noted by CA, and can rip on futher strength. Keep a close watch on this one, Im a buyer above $30.
Strongest Solar
Trina Solar Limited (ADR) [[TSL]] is looking to breakout to new 52 week high, I like it above $32.50
TSL is also the leader of the MadStocks stock of the year contest, click here for update.
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