Continued Strength

A few stocks to watch if we see strength tomorrow. We’ll start with a few refiners sponsored by Jakegint:

HOC

VLO

If steel get moving, AKS is your play. The stock broke overhead resistance today and closed above the 50 day.

If you notice a few small gold bombs moving higher, HL could ramp.

If the sun is shining, LDK is your play.

I sold JASO @ 3.43, swing long from Monday.

I sold URE earlier in the day around $7, sold daytrades NVDA, SIGM, & AKS all for profits. I’m also looking to get rid of a few more longs before the new year is here.

Last night’s stock setups are playing out perfectly: NVDA, SIGM, AKS, & UYM. I have to say UYM looks great right here.

New to the watchlist: AMSC

Gold stocks

Silver Stocks

Small caps are running this morning. I’ll will be putting together a solid list today.

We’ll start with the Q’s, however it is worth noting that AAPL is down in after hours due to the Steve Jobs news.

Can NVDA bust through overhead resistance @ $9?

Can SIGM finally break higher?

I’ve noticed heavy call buying the last few days in AKS, looks good above $10.50.

UYM looked good all day, however I couldn’t pull the trigger. I will be looking to trade it on continued strength tomorrow.

As for the market today, I dropped my shorts, which should have been done as I mentioned yesterday. I sold SRS and covered my LM short, both for losses. I actually got away with a gain in FAZ, but tossed it out as well.

I believe this move can last for the remainder of the week– it’s option expiration week, would it surprise you?

As for my longs, they exploded to the upside with nice gains in: C, UYG, URE, FCX, GOOG, WTI & CLNE.

My plan is to ride my longs until weeks end. Then, I will likely cash out, hopefully at the top, and start with a clean slate for 2009.

Note: For more setups check out Stewie @ The Art of Trading. Mac also has a bunch of setups in his nightly video.