Monday, March 23, 2009

Fade me List!

Here is a Fade Me List. I had more but with futures up 3% this morning, I have to go back to the charts and see what the market will do.


GDX
- Gold Miners are very extended, but a break out of 38.00 on GDX is bullish. Also a 50, 200 MA Cross would be bullish.


SXT- Dipped below resistance,and failed to break out of the highs in January. 50MA could provide support though.


PPH-Found support around 55. Might be making a bull flag. Buy around 55, Stop around 53.


CL- Forming a bull flag or basing at the 57 level. A good buy here if it starts to break out a little, watch the 57 level a break of that and it's a better buy at 55


UUP-Hitting the bottom of its trendline, could be bounce a little here. Also has support at the 200MA.


SKS: Tripple Bottom and the end of a triangle. Buy at 5.50, stop at 5.00.


XLI-Broke the up trend line and met resistance in the 19's.


XLU- Meeting some overhead supply. Formed a Shooting star and failed to break out during the run-up. Still below the 50MA.