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Sunday, February 11, 2007

Ideas For The Week Of February 12, 2007

Market direction is unclear at best, but I did manage find a few interesting ideas for this week. Most of them are swing trading ideas, although you're more than welcome to daytrade them if you see enough volume to justify it.

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STP -
This chart basically says all the momentum has died off, so why am I picking it as an idea for the coming week? Because it also looks like it will test support @36.50 this week, and a successful test of support could mark a buying opp. (ie. buying at support, selling at resistance).


CNQR -
There is a possible play of the pullback pattern with CNQR. Watch for volume and higher lows this week.

GIGM -
GIGM is another play of the pullback pattern.

FRG -
Gold. Uranium. 'Nuff said.

GLG -
Low volume, but it's got the Mojo.


KRY -
Too late for the initial breakout, but a couple of higher lows is the next best thing.

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