5-8-17 Short And Sweet

Todays report will be short and sweet, there is no need to cover ‘everything’ after the weekend report, but it does still include over 20 charts to cover a number of ideas, some new and others that we have discussed in prior reports.

WTIC –  An unconfirmed swing low is in place, but the safer play is to see if it can get above that 10sma.

XLE – This looks good, and some of the Energy stocks are starting to shape up too. We did have a fake  break out a month ago, so caution is warranted.  For those that feel the need to trade the Energy sector early….Stay Frosty!  Use the lows as your stop just in case this low is not THE low.

AREX & NOG  look very good!  Others seem to need time to prove themselves.  Nog released earnings Monday a.m. & I wish I saw it on Monday. I want to buy NOG right now, it wants to break that downtrend. In Nov 2016 NOG ran up well over 100% from roughly $1.50 to $4.

NATGAS Friday  -Hoping for follow through and a break out.

NATGAS MONDAY – No break out, but no real change here either, except for he fact that it is dropping on heavy volume & threatens to take out the recent lows.  If it does that, the DCL is ahead and not in place. My stop is that lower line.

GOLD – Gravestone Doji #2 showed up.  No swing low yet though, but we are due .

GDX – Unconfirmed swing low in the Miners and they usually lead the way higher – please read the chart.  Bottoms in GDX can be a process – see the boxes.

TRX found some Gold and got rewarded. This could break out here at the start of a 4th daily cycle, and then  during the ICL simply back test, but it is hard to know for sure.  I look at  EGO & AEM when they had a POP after good earnings, and they may hold up better as proven Miners when Gold drops to an ICL, but stops are still needed.

NAK #1 – Look at NAK in Nov 2016. It gapped open, dropped to the 10sma, and never looked back.  That gap didn’t fill. I see that here again.

NAK #2 – Please read the chart.  Funds were buying NAK, and then likely sold out on the way down. Are they interested again with the new EPA set up?

VSTM & CGIX have been mentioned here in the past – VSTM tried to break out and it does have the volume to do so. It has had a nice cup consolidation, and I like it as a fairly low risk buy here. This may follow through this week.

URRE   (And some other Uranium stocks)  look to be breaking higher.  URRE re-gained the 200sma and is worth a buy here with a stop below recent lows or a tight one below the 200sma.

IPI – Last week one of our readers ( Thanks Chuck) reminded me that the IPI consolidation was worth watching. I didnt read my email until Sunday and Monday had further follow through. It goes on my watch list for a ‘buy the dip’ candidate, but these break outs can just keep running. .

GEVO _ I bought this and own it , because I like this base and the volume pops within it.  They had earnings after the bell on Monday and the stock ran up 6% by 6 p.m.  It has since dropped, but that is way better than watching it drop in the post market.  Let’s see what happens Tuesday.

FUEL – Earnings come out on Tuesday after the close, and this dropped on Monday , but so far it holds above the 20sma and the trend line.  I will have to put my stop loosely below the trend line, I just hope that I am not the victim of a shake out.  Their last earnings a quarter ago is what sent them running higher.

TSEM – Semis have sold off, but I keep my eyes on a number of interesting Tech stocks  ( TSEM, CY, AMD, FNSR, TWTR, etc) .  TSEM blasted higher on volume after a 2 month sell off.  All of the losses are regained. Earnings season is a boom or bust event this year.

SSYS at $23+ – On April 18  I was pointing out 3-D Printer stocks. This is an awesome base and I like it along with the other 3-D set ups  ( DDD, VJET, XONE).  Look at that upside potential.

SSYS at $25+- April 26th – break out and handle  = remains Bullish.

SSYS MAY 8 $27+ – Follow through and that chart above shows a huge upside potential.

So we go to other 3-D Printer stocks that I mentioned…

DDD – DDD broke out too, and Monday alone it was up about 12%. It was $15 recently and threatening to break out, but now it has and is at $19. This sector looks ready to run after a dismal year or two.

XONE – April 26th I showed how XONE is breaking out of a nice base.  It broke from a wedge at $10.

XONE – It then went sideways and now is looking ready to really move,  with 1 problem…Earnings are set to be released on MAY 10th.  THIS IS ON MY WATCH LIST.  If May 10 is bullish, This is a break out from a solid base in  a sector that is heating up.  A run to $16 is not out of the question, to start things off.

SO there are plenty of possible trade set ups in various sectors now, find a trade or two if you want, but don’t be overwhelmed by how many there are.   Also know that some have greater  risks and please use stops.  DO NOT be willing to ride stocks down if they go against you.  We have an ICL in Precious Metals coming up and that will be the best buying opportunity of the year.   Enjoy your Tuesday trading!!

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~Alex