Gold is moving higher this morning, and I will play it with EGO (bought @ 7.33). EGO was on the watchlist for a breakout above $8, and is also the highest rated gold stock in The PPT universe.
Don’t forget to vote in the new iBC poll.
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Joined Jan 27, 2008
7,405 Blog Posts
Bullish or Bearish?
Five Ragin’ Picks From “The PPT”
If we get a continued move to the upside, the following stock should do well. However, should the market rollover, look to get long your favorite inverse ETF.
1) TTES: T-3 Energy Services Inc
PPT Ranking:
Cajun’s plan: Buy if oil + market strong, immediately set set right below $13.
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2.) NFLX: Netflix, Inc.
PPT Ranking:
Cajun’s Plan: Watch for weakness @ market open, the minute we firm up look to buy NFLX.
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3. YZC: Zanzhou Coal Mining Co.
PPT Ranking:
Cajun’s Plan: Buy on strength in energy, set stop right below 50 day moving average.
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4. WFR: MEMC Electronic Materials Inc
PPT Ranking:
Cajun’s Plan: Get long on solar/semis strength, set stop right below 50 day moving average.
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5. STLD: Steel Dynamics, Inc.
PPT Ranking:
Cajun’s Plan: Buy on strength in Steel, buy on a breakout above $13.60
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Bonus: Strongest Industries + Average Scores
Sold AAPL
Taking my profits here on AAPL @ 94.20. Still like the name here, but wanted to lock in profits.
Comments »Sold JPM
I took profits on JPM, selling position @ 27.49
Comments »Bought AAPL
I bought AAPL @ 92.09.
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