Friday, May 9, 2008

DNR: possible breakout next week

Just wanted to post this up before I forgot. DNR is forming a nice ascending triangle and has triple/quadruple topped out at around $33. It's right around there now on some solid volume. And, given its association with the natgas space, I expect it to breakout past the $33 resistance and for that level to then become support. Draw a horizontal line across 33 to see what I'm talking about. Making higher lows, MACD is crossing over, RSI is about to make some new highs, stochastics are heading higher. Everything looks pretty solid here. Not to mention, check out those phenomenal hammers everytime this thing touches the 200day ma... outstanding. (ps- anyone know how to save an annotated chart from can't figure it out for the life of me)

Thursday, May 8, 2008


going long CTRP on a breakout-pullback-breakout scenario. pulled right back to its former resistance (now support) level of $62.50. Stop out on anything below that

adding to V on this dip

going long CCJ for both a breakout play and because I like this as an investment (uranium, nuclear, etc). More on this one later

also, nice risk/reward setup on WFR double bottom. $62.00 is the absolute bottom so stop out on anything below that and you can get long now. If it breaks to the downside, get short.

also like PCLN here