Hot Pick Of The Day

[noshadyldy]

HI NB,
went back to my scottrade screen and for the life of me can't find what I was seeing before. Must have been inhaling fumes or something. Yes, the pic you sent is what I'm most familiar with as for double bottoms, but I could've sworn I saw two weekly bars back to back dipping to the exact same price. Have no idea what happened there cuz it sure isn't there now. ?????
But hey, thanks for the nudge on PEIX. I caught it close to it's low yesterday and have had some fun with it between all my comings and goings these past two days. (changing jobs AND recovering from car accident) And thanks also for all your kind offers of help.

[New-born baby]

Peix

HI NB,
went back to my scottrade screen and for the life of me can't find what I was seeing before. Must have been inhaling fumes or something. Yes, the pic you sent is what I'm most familiar with as for double bottoms, but I could've sworn I saw two weekly bars back to back dipping to the exact same price. Have no idea what happened there cuz it sure isn't there now. ?????
But hey, thanks for the nudge on PEIX. I caught it close to it's low yesterday and have had some fun with it between all my comings and goings these past two days. (changing jobs AND recovering from car accident) And thanks also for all your kind offers of help.

You are welcome, NOshadylady. PEIX moves around alot. So watch it

[Runner]

NB, been looking at some charts tonight and was wondering what you think of CKEC?

[Runner]

Looking at other Media stocks here are a few others in the same group as CKEC.

DWA MVL RGC PAE

[New-born baby]

NB, been looking at some charts tonight and was wondering what you think of CKEC?

Runner,
Nice to hear from you. Been a long time
CKEC:PnF doesn't like this one; says it's worth $5 Yeah, PnF isn't always right, either; but I like it when it agrees with me.

This one has strong support at $21.80. The downtrend from $40 was broken and retested the third week in April. If it can break the $26.75 resistance, we are looking at a nice run up to $32.50. If you are anticipating that run, you could enter here, but it is a less conservative entry. This thing has no option chain .

I'd be looking to perhaps enter here, look to exit at $27 if resistance proves formidable, or else hanging on for the ride to $32.50. However, with no option chain, this one is outside my rulebook these days.

What do you think of it?

[New-born baby]

Looking at other Media stocks here are a few others in the same group as CKEC.

DWA MVL RGC PAE

DWA: another weak sister, $20 target. What do you see here that you like?
MVL:at least this chart is bullish Last two candles look like a temporary pause is coming. . . .
PAE: begging for a pullback here. Nice powerful breakout . . . .
RGC: should run to $27.50; very nice chart.

[Runner]

I was thinking CKEC might have been trying to put in a bottom and is currently working on its 2nd higher low. The sector is trying to move a little. I also like the fact that it is poking it’s head over short term R at 24.70. Could get bought here for a run to 27. I would wait to see if it has more gas and moves up some more here. Maybe entry on retest of short term support of 24.70 area. It has been beat up and I’m not crazy about media stocks in general. I may track it for a while. My bias is short-term bull down to 22.72.

[New-born baby]

A Plan

I was thinking CKEC might have been trying to put in a bottom and is currently working on its 2nd higher low. The sector is trying to move a little. I also like the fact that it is poking it’s head over short term R at 24.70. Could get bought here for a run to 27. I would wait to see if it has more gas and moves up some more here. Maybe entry on retest of short term support of 24.70 area. It has been beat up and I’m not crazy about media stocks in general. I may track it for a while. My bias is short-term bull down to 22.72.

The plan is sound.

[Runner]

NB, here are a few others I found tonight. I have not ran my scans in awhile and I’m not getting many set ups. Interested in Swings no need to post each one but if one looks pretty good do your magic..

MGPI CNTF SPSS ECOL PDC LCC RJET RTI FTO VMI OPEN MVK TLK UDRL SHX

[Runner]

NB, scanned and listed as per historic volatility and so the moves can be swift and fierce. For these guys I’m interested for short term plays.. Pull profit at target and trail rest.

[New-born baby]

Thank You

NB, here are a few others I found tonight. I have not ran my scans in awhile and I’m not getting many set ups. Interested in Swings no need to post each one but if one looks pretty good do your magic..

MGPI CNTF SPSS ECOL PDC LCC RJET RTI FTO VMI OPEN MVK TLK UDRL SHX

Runner,
I will look at these today and post what I think looks most promising. Thank you for posting these. I like your work.

How about your take on the price of oil? Will it retest $66, or is this $70 floor going to hold?

[Runner]

NB, who knows where Crude will go. One thing is for sure it is sitting at weekly support here. I would view a crack under this weekly low as a sign of weakness. Now Notice how thus far prices have been contained with in the wide range bar from back a few weeks. I guess one could view this move as a retest of the support line off the weekly chart.

Oil gaps all over anyway but look on the daily I noticed the bullish gap into new highs that was immediately rejected and filled. Few days ago it had a bear gap down and so I feel that a lot of uncertainty is currently in the crude market right now.

I'm Bullish as long as the weekly support should hold and if one buys support then a small position could be taken with stop just under weekly support line to limit loss.

NB, just looking at price action only with zero moving averages or high-speed indicators. Just trying to view emotions off the chart

[New-born baby]

Hot Pick for Monday

FTO: too hot to ingnore. Ascending triangle pattern says $75

[IIC]

FTO came up when I was running my Killer scans too...But I'm not too sure oil will be up tomorrow...I figure FTO will go w/ the flow...Doug

[New-born baby]

Fto

FTO came up when I was running my Killer scans too...But I'm not too sure oil will be up tomorrow...I figure FTO will go w/ the flow...Doug

Yes, you are most certainly correct. But then there's always Tuesday . . . by this I mean oil is not going to stay below $70 for very long, imho.

Tom: here's a 5% play for you. Buy FTO at $63.30, sell the MAY $65 call for $1.70, and make over 5% in less than two weeks.