Sunday, November 19, 2006

Ideas for Week of Nov 20/06

RealMoney's Barometer
The Naz has been overbought for most of the week of the Nov 13th. And there are many pundits and analysts in the market that are looking for a pullback for this coming trading week. That may or may not happen, but it will be something I'll keep at the back of my head (market overall health) as I ponder the following candidates:

SU -
Haven't tried shorting for a while and this oil company may present the opportunity to do so this coming week. WTIC is facing selling pressure, and $XOI and XLE are both showing signs of rolling over.

DTAS - looks set to break out from 11.1 resistance

EFUT & NMX - there may be opps to scalp and/or daytrade these two. If the opp presents itself I may have to do this in a different trading acct. EFUT looks especially interesting if it can break back above 35.5.

FRG - possible continuation move if it can close above 9 (on the AMEX)

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