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Yearly Archives: 2011
More Energy and Material Short Squeeze Ideas
Stock Trading Ideas and Explanations
With just two trading sessions to go before the long Memorial Day weekend, it is likely that volume will dry up across the board. With that in mind, it is hard to see how bears holding large amounts of capital will deem it appropriate to press their shorts at this point in time. As I indicated earlier this evening in my video recap, the energy/material complex is firming up a bit. To my eye, here are some of the best setups in that area to help exploit some of the more vulnerable bears in these heavily shorted commodity-related plays.
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Stock Market Recap 05/25/11 {Video}
Market Commentary from Former President Bill Clinton
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My fellow Americans. It’s tough to become bearish on stocks when you see a series of higher lowjobs on the charts. Wait until you see a breakdown first before you impeach the bulls.
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Freebasing
[youtube:http://www.youtube.com/watch?v=2ChjLMbXVrU 550 412] _____________________
I am seeing a bunch of names setting up with bases or bull flags here. Some include: BJRI CERN CMG CTXS EMC HAIN LULU MED MRGE SMBL VMW. Of course, a pretty base means nothing if the bulls do not step up and buy with conviction to break the stock out. However, having those names on your watchlist is crucial to monitoring their developments to ascertain the strength (or lack thereof) in the broad market.
Even a name like SCSS looks good on strength. It has worked through a descending triangle, which you would think is bearish. However, the stock is still in an overall uptrend and no heavy sellers have come in yet. I like this on strength.
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