A Few Breakout Candidates Emerge - Jeff Pierce

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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More

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A Few Breakout Candidates Emerge 0 comments

Oct 13, 2011 1:24 AM | about stocks: LO, OKE, ELN

Before I talk about these setups let’s put the big picture in perspective. Everything screams short term top when you see the resistance that is in store 20 points north of today’s close, but I am seeing some positive things in my charts that bode well for further gains (if we can consolidate for a few days). If we keep rallying without a pause, I don’t think this will end well.

Potential leaders if the bull returns:

BDI is a measure of the health of the world economy. One other reason to be bullish:

Themes: Baltic Dry Index Stocks: LO, OKE, ELN

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