Friday June 30 – More Stock Picks

I wanted to add some more stock picks to the list that we already have out there,  and there is also something else that we should keep in mind…

 Today is Friday, the last trading day of the week. Monday is a 1/2 day of trading in the U.S., and Tuesday the markets are closed. How do you want to be positioned for that schedule? That could affect your Friday trading.  That said, Let’s look at a few Stocks that are setting up.

URANIUMS –  This has price crawling along the 50sma, and this is often indicative of a break out.  Are the stocks setting up nicely too?

UEC–  We have already discussed this one. Notice how it dropped down to the 9 sma and then reversed higher. It still looks ready to break out.

URG – Another Uranium stock that looks like it is building steam to break out.

UUUU– Pinched between the 10 & 50sma,  I think that this is just a matter of time too.

DNN – This broke above a down trend line, so it MIGHT drop back and back test it.  This one needs a bit more time in my opinion, but it broke the down trend.

SO URA looks bullishly aligned, and most of th Uranium stocks also look like they will break higher sooner than later.  These run like the Miners,  so if you see them break out,  you may want to buy one or two.

GV –  This was that ‘infrastructure’ stock that ran very nicely last fall.  It made mini- higher lows and higher highs up to the 50sma, and then Popped. This bull flag could be bought , since Commodities seem to be back in favor.  I do not like the volume right now, but it was running over 1-2 million on the last run higher last year and that can return.

TGB – I still like this if it breaks out

TGC –  This is an Energy stock that I used to trade.  What a huge POP in April, and then it has been consolidating for months.  Low volume recently, but it is on my watchlist.

AREX –  Mentioned here with ERF, RES,  AREX  has been leading the way out of the lows with OIL  & NATGAS still selling off.  Thursday it had a little POP. I didn’t buy it, but if it back tests the break out, I might.

SGG –  Sugar finally looks like it bottomed Thursday.  That was a nice sign of strength out of the lows and out of that wedge.

GORO – Read the chart please.

GEVO – ERIK from our comments section emailed me last night,  asking about that Pop in Gevo.  I hadn’t seen it, so here it is.  That is a nice long base and a decent break on volume, and I do like it.  It MIGHT stall at the 50sma, but with a base like this,  it also can just break out and move higher.  The link below is the news that popped the stock.

Debt exchange news

As you can see, suddenly we have stocks bottoming or setting up bullishly after the recent sell offs and choppy trade.  Selling often leads to good buying opportunities.  You CANNOT own all of them, but look at how they have moved in the past and maybe own a couple.  A steel stock, a Uranium stock, a Solar.  Energy ? That is pretty much what I am doing while watching the Precious Metals sector. I own TGB, UEC, NAK, SPWR, etc for example.  I really liked that GV stock on the run last year, but I’d like to see a bit ore volume before I buy it.  I do not own an Energy stock yet.

So remember,  Today is the last trading day of the week, and if you are in the U.S.,  Monday is only a 1/2 day of trading and Tuesday the markets are closed. You may want to take that into consideration when it comes to how you want to be positioned if GOLD, OIL, and NATGAS trade in other countries, while the US markets are closed.   Also , it is wise to check on a company before you buy and find out when they release their earnings.  It might be best to wait until after they do, if their earnings release is near by.  Enjoy your Friday trading and have a great weekend!

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~ALEX

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This NAK trade broke below the 200sma and I mentioned that I took profit on much of my position until I could see what was going on.  A shake out?  A break down?”  With Metals stocks like Steel , Aluminum, Copper, etc seemingly bottoming,  I actually expected NAK to recover, but so far it looks weak.   Lets examine this trade.

NAK #1 – Break down,  Back test(?) and a down day. Keep in mind that it is oversold, it still could recover, since Steel stocks and other Metal stocks seem to be bottomed.

NAK #2–  NAK is sitting on the B.B., and yes, it can ride it down.  It also can bounce off of it and run higher.  The B.B.  has pinched together and that often leads to a move. NAK is fairly oversold, so is a move higher coming, since the ‘Metals’ seem to be bottoming?  Possibly,  let’s take a look at one more chart.

NAK #3 – If this wedge breaks upside, from oversold conditions, and gets back above the 200 sma, with steel stocks bottoming, etc etc –  it would signal that a shake out below the 200sma likely took place.  I would buy all of my position back if it starts to run upside.  NOTE: WE ARE AT THE APEX- WE SHOULD KNOW VERY SOON.  I will not buy this Friday or Monday most likely,  I will wait for the move to prove itself by getting back above that 200sma.

There could just simply be something wrong with NAK at this time, and it may not recover, so we have to keep that in mind.  I did sell a good amount when NAK sold off below the 200sma, because that was my mental stop and I had accumulated a good amount. I am still holding some and monitoring that wedge as stated above.

NATGAS – Rejected at the initial target,  the inventory report started to drop NATGAS.   Watching to see if we get that Gap filled at the 1o sma or will this just break down.  I sold all leveraged positioning at the resistance target that I had been pointing out daily.

NATGAS from June 27