Dow Rejected at 11,650; More Selling Ahead
The mini Dow futures contract was rejected at significant resistance at 11,650 today, which triggered a heavy sell-off throughout the session. Recent history indicates more downside could be seen…
Major Sell-Off Ahead for the Dow?
The mini-sized Dow futures contract is beginning to show signs of impending weakness. Here’s why the Dow could drop several hundred points in the days ahead..
Patriot Coal is a Buy
Patriot Coal Corp. ($PCX) has enjoyed an enormous bull trend since late August, as price has rallied from a low of $9.76 to recent highs of $29.20 – that’s a 199% gain! The good news? Another buying opportunity is calling..
3 Stocks to Watch
The market has been extremely resilient lately, with every bit of weakness leading to buying opportunities. As such, I’ve picked three stocks that have pulled back from recent highs, but remain within well-defined bullish trends. Each of these stocks are primed for “buy the dip” opportunities that could lead to new highs within their respective uptrends. Read more..
$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..