Sunday, November 2, 2008

Weekend Review

Trades from last week:

Closed:
DRYS - 55.55% Gain
STLD - 33.5 % Gain
COIN - 3.5% Gain....setting up good for next week has a high flag pattern set up. Sold this just to be cautious. Will be watching next week. It should see some good upside if it gets back through the $7.00-$7.20 area on good volume.

I'm still holding APWR from $5.01 and EXM from $9.01. They closed on Friday at $5.58 and $11.30 respectively.

Overall a pretty good week. I will be very cautious the start of this week on the lead up to the election. Most stocks are overbought in the short term and quickly approaching overhead resistance. I continue to like many of the commodity stocks that I posted last week and am looking for them to consolidate reason gains in order to offer up new entry points. I will post a new watch list soon. I will be watching these alternative energy stocks such as APWR for a trade ahead the election. Both candidates have openly premoted their policies on alternative energy and I think there could be a trade there. I will post any trades I make tomorrow in this area or elsewhere tomorrow.

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