Back in the Saddle
I’m back from Spain! It was a fantastic trip, but I’m ready to jump back into the saddle. Here are my quick thoughts on what I see in the S&P 500..
Watch for a Breakout in $STI
SunTrust Banks ($STI) has been trading range bound the last four months of trading and is now sitting just below the upper boundary of the range. Interestingly, multiple Inside Day relationships have also formed, which means we could see a major breakout opportunity ahead for this stock. Check it out..
$MTL Headed for $30?
Mechel OAO ($MTL), the Russian steel company, has been gearing up for a breakout for over a month. Now that a bullish breakout has occurred, traders may begin to jump on the bandwagon. Here are my reasons to like this stock..
Another Opportunity to Sell $NVDA
NVIDIA Corporation ($NVDA) has endured a highly bearish (and predictable) trend lately, and has seen the price of its shares drop from $18 to $9 in recent months. $NVDA is now offering another prime selling opportunity – one that could offer the next 18% drop! Here’s why..
Breakout Ahead for $UNG
United States Natural Gas Fund ($UNG) has traded within an extremely tight range over the last two to three days, paving the way for potentially big breakout opportunity. Let’s take a look!