March Madness Update: Welcome To The Elite Eight

I hope all of you are enjoying the Real March Madness just as much as I am. Many brackets are busted this year as it looks like we may have a Cinderella type story year. Developing…

As for our own stock madness tournament, The Fly has been eliminated in the sweet sixteen, and we now have only 8 contestants left. The scores have been reset and it’s time for another week to begin. For those still in, HERE IS AN UPDATE ON THE BRACKET.

Here are the Elite Eight left standing:

Well, let’s just say we got a low risk entry setting up here with many of the Gold & Silver miners. Looking at the $GLD, the Gold Trust, has found support the last few days at $125. Should we see strength in the metals here, I like the idea of getting long $JNUG or $NUGT, so long as gold can hold support.

With the market a bit dicey here, I feel comfortable with this trade. Let’s see if buyers show up in the morning:

__

Here’s a weekly timeframe of the precious metal, via $GLD:

__

And, the monthly timeframe:

There are a number of solar stocks moving higher this morning. Our runner screen inside Exodus has flagged a few tickers to keep an eye on: FSLR, JKS, & SPWR. My favorite chart here is $FSLR, $JKS also has potential. Let’s see if the group can move here.

Let’s watch this $FLSR today:

Today’s full screen can be found HERE

The Fly, lead writer and owner of iBankCoin, is balling over the competition in our 11th annual March madness tournament. As it stands now, his pick in $TUSK is up over double digits for the week, putting his opponent $GSUM to shame.

Here is a current look at the scoreboard heading into the final few minutes of the second round. For a live look at the brackets, CLICK HERE:

The market is in limbo here, but green. You can almost feel the struggle between both bulls and bears. We are currently holding just below the 50 day moving average on the S&P 500, but bulls look determined to recapture the average. It’s still anyones game.

As for stocks to watch today? I have my eye on RENN, PLUG, AAOI, CLVS, GOGO, & WATT

For today’s full screen: CLICK HERE

The indices are clawing back after Cohn’s departure. My go-to screen in Exodus is lighting up with some good looking charts this afternoon.The steel plays are back with $X & $AKS finding buyers. $SQ continues to be unstoppable, and is $ANF back? Some lotto plays today include $ZSAN & $TRVG. Here’s a look at today’s charts:

For today’s full screen: CLICK HERE