Tuesday, December 21, 2010

BULLISH PATTERNS

As you know...I don't like to do much trading during the last 2 weeks of the year, but there are a lot of bullish patterns showing up lately that might get me into a few. I will just list the ticker symbols and I will try to list them together with their sectors. Some have already started to move. Others might need some confirmation (i.e. a move above the 10 day or 50 day MA).

Agricultural Chemicals - MON, MOS, CF, and IPI.
Coal - JRCC, PCX, BTU, ANR, ACI, and KOL
Railroad - CSX, NSC, KSU, CNI, and ARII
Gaming - LVS, WYNN, BYD, and IGT
Gold - GLD, GDX, GDXJ, SLV, AUY, GG, and SLW
Technology - AAPL, AMZN, AKAM, MELI, YHOO, NFLX, GOOG, and IBM
Chips - MRVL, INTC, AMD, and ELX

The markets look like they might be able to rally through the end of the year. These stocks could provide some opportunities over the next few days. Don't try to trade all of them....unless you are paper trading them, but do try to diversify some of your option trades.

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