Back from my mini vacation and back to work. It looks like I came back just in time along with the rest of the bulls as the market catches fire today. One stock high on my radar is PetroQuest Energy, Inc. [[PQ]] . I like it above $5.95:
I have a bunch of catching up to do, I’ll be back in a minute.
Comments »The time has finally come for The Cajun to bask in the sun. 2009 just might have been my busiest year EVER for Mr. RC. From starting a small business, to moving into a home, to keeping up with this psychotic market, now is the time to clear my head.
I am headed to the beautiful beach in Florida tomorrow afternoon, for those wondering, and will be back Monday morning. But, before I go, I will leave you with a few setups.
This could be a long or short play depending on which way the flag breaks, there will be coin for the taking in MGM MIRAGE [[MGM]]
If the market looks weak, I like my chances being short Sigma Designs, Inc. [[SIGM]] for a few days, a bunch of overhead resistance up ahead:
If the market looks strong, and Research In Motion Limited (USA) [[RIMM]] juices tech, take a look at Nokia Corporation (ADR) [[NOK]] , love that inverse head and shoulders. I’m a buyer above $16:
And, check out Focus Media Holding Limited (ADR) [[FMCN]] first thing at the open. A stock that can close on its high on a close like we had after the FED meeting deserves to be monitored. Also, check out the volume, me likes some FMCN:
Off to spend this YRCW money! See you on Monday.
Comments »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:
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:
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
