I WANT TO SHARE SOME TRADE IDEAS

Due to the Storm approaching New England, I may lose power   ( As mentioned in my wkend report), So I want to share  a few possible  trade ideas  for you to watch , in case I wont able to post anything tomorrow. Let me start by showing you an Energy stock that got taken out to the whipping post.  It is beaten down and double bottomed. It seems like all of the downside ( At least for now) has been met. Risk reward is skewed toward less risk  (Using stops) and more upside potential if conditions play out.  Some of these stocks could just “Bounce” and do very well.

EXXI WEEKLY – Double bottom with a MACD cross?

Why would I call it low risk though? Isnt it high risk, in danger of getting cut in half again?  Well, consider  this…

  First Let me say now that the public cant view this part….. I think the ENERGY SECTOR has been beaten to a pulp and will offer great upside when the time comes.  Some of these will double & triple  ( please remember that Some may go out of business?)     Is it now that they will run higher  ?    I cant say, but these set ups are nice.

Again, why low risk??

The low risk part is that on most of these stock set ups,  the chance of further downside here is much lower than the upside potential, but also Your stop is RIGHT BELOW on most of these set ups.   Your loss could be minimal, your gains could be large.  For the sake of speed, I will just cover these quickly and do a wrap up at the end.

  THESE SET UPS ARE MOSTLY FOR MY TRADERS  or those who like to trade and keep an eye on their positions often.  Some like to trade for a day or to while waiting for Miners to possibly bottom.  These set ups are technical analysis…fundamentally I cannot tell if these companies are in danger or are they absolute bargains, but one thing I have seen in the past is that often when an entire sector sells off in fear, panic and “just get me out of this stock!” maddness….they can rebound in a breathtaking way when the panic is over.    You have no doubt seen that Miners do that too.

The much hated  Miners this fall,  like IAG, CDE,  HL  or AG for example just bounced over 80 – 100%.

Lets look at some Energy set ups that I collected this morning.

EXXI ( Again)   I bought this at the open, because the stop is RIGHT BELOW. Its at the 10sma

GDP   (Its trying to move this a.m.–watch this one!)  I’d buy above the 10sma. ( or here with a tight stop)?   This is AT lows, so your stop is really a low risk to the downside. Fridays lows were $2.47.  put your stop below that,  you risk 10cents or so, your upside could be  ???

GDP AGAIN- just a bounce

GDP WEEKLY –  Once it broke out in the past , it went up week after week.  You could wait for a weekly break out.

REXX  $25 to $3 …these wedges can get explosive upside over time

KEG..I have mentioned this a few times.  Nice set up

PKD  , same as KEG

BAS –  Looks like the MINERS in Novembers double bottom into December, doesnt it?   Its a BUY right here above the 10sma.  Choose your stop below the 10sma

GST–  I just noticed it and added to the report, it is moving today above the moving averages.

NOG  _ I LOVE this set up.   That triangle holds your price.  BUy it here, Stop below the triangle,  upside could be very nice

I know my readers by now….Some are saying ” List some more!!”  ,  others are saying  ”  Why so many, just give us 2  to choose from.”  –  LOL

I like all of these set ups for various reasons.  I bought EXXI & GDP  for trades,  I like the set up for REXX  & NOG a lot.

The ones that I have listed above are bottoming and ready to be bought.  THERE IS ALWAYS A RISK OF DOWNSIDE in any trade,  so look for a good place to set a stop & if the trade goes against us,   we move on or re-group and unemotionally look for another set up.   There are plenty of these set ups   (  SD, ERF, AXAS, CPE, TPLM, etc)    and that leads me to believe we are seeing a bottoming process in Energy.    Is it just a Bounce or a real bottom?   Do you remember when Miners were bottoming?  I said that I cant tell if its going to just be a bounce or a nice run,  but the set ups looked correct and proper.   They look good in Energy now too…I have patiently stayed away from requests to give some an energy play or two, because they looked too risky.  Now I see something that looks more like an upside bounce or a run coming.    I will play the bounce, but if volume starts to swell /  grow on the way up,  I would hang on for the ride.

WORD OF CAUTION-  Set ups can fail. This one did initially.   There is always risk at lows.

And I am guessing that at least someone out there is wondering….

What about Miners,  did I give up? 

  No…I am a trader and some of my readers are too.  The Energy set ups are trade ideas.    If you are just wanting to wait for the Miners…to see what they do,  I have laid out what I an looking for in Miners quite clearly this weekend.  I do expect Miners to bottom before GOLD.  I expect individual miners to possibly bottom  1 by 1 ,  not all at the same time.  For example,   my miner  “AG” is refusing to break down so far today .  I’m watching it closely.   I posted this on the weekend report , but this is it today with GOLD Down over $16 and SILVER down over .40

I thought this –  drop tp $5.50 or even $5?

Today it wont drop below the 20sma   (So far) with GOLD/SILVER down  (It may be done downside-  so I may add by the end of the day if it holds up)

So thats it.  If I cant report tomorrow,  consider this tomorrows ideas a day ahead of time.  This is something for you to watch as a trade idea if you are so inclined.  If you are content waiting for Miners to bottom, remember….some may bottom before others.  “AG” is showing strength in the midst of a sell off today.

Look at the 20sma with GFI, CDE, ABX, RIC, LSG, etc etc ,   ABX  hit the 10sma and turned back up  so far  , GG  reversed off of the 10sma….so many Miners selling off last week  while GOLD was GREEN,  are now showing strength while GOLD & SILVER sell off.   It’s worth watching, but worth being patient too.

Take a look at  the miner Nova Gold  –  NG,  using a 20sma.  Very interesting.    Some MINERS may be near their daily cycle lows. Be patient and watch how things unfold.

I wish you all the best and if you are also in the area where this storm may rob you of Power,  you may want to go into it lightly invested,  not heavy.  Anything can happen overnight and it will be sad if you are heavily invested and cant trade for a day or two while waiting for power to be restored.  Thats almost the same as just rolling the dice. There is Always another trade, better safe than sorry.

Best wishes all!

~Alex

P.S. I may TWEET some of these set ups this afternoon.