UPDATED LIST: Long Radar off the bottom

I am continuing to build off the list I started two days ago. Like I said then, I thought oil would struggle to get through $50 and this should offer a good opportunity for many of these names to consolidate recent gains. Since then oil stalled a bit yesterday and then today got hammered after oil reserves increased drastically more than analyst expectations. At the time of the release oil was trading between $48 and $50 and many of the stocks on the list were pulling back on light volume. I did my best to post an update at 9:30 a.m. (posted below) so none of you would be tempted by the light volume pullback in some of these stocks.

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Oil held up for a while before being crushed late in the day and closing under $43. Oil could very well bounce early in the trading day tomorrow but I still think we need to remain patient here as I think oil is going to retest $40 and maybe even the December low at $35. So use these lists, pick out your favorites with good volume patters and have good looking pullbacks. Maybe grab a small starter (1/4 position) as oil reaches around $40 and be prepared to aggressively as oil continues to pullback near December lows if the individual stocks volume pattern stays in tack.

DNN is on in paticular with a good looking pattern. I could even see buying this one on strength through 1.50 if commodities decide to ramp back up tomorrow. Just be sure to keep a tight stop.

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The following stocks look to have put in a bottom and I will be looking for a light volume pullback to pick up shares. I will be averaging in slowly with the idea of starting longer term positions that I will hold until they see weakness on big volume and sell into strength at the next resistance levels. I will post stops and targets as I initiate positions.

These are big ranges just to give a general idea where I will look to initiate depending on the action and overall market. Many may not pullback this far but I will be looking for the best R/R that arises. Some may pullback further and I may cut or add depending on the action.

Oil & Gas
XTXI 4.00-4.50 range
PDO 4.5 to 5
BZP 6.75 - 7.25
QELP
SD
NGS

Alternative Energy
Solars
LDK
SOL 4.30 - 4.50
JASO 4 - 4.5ish
YGE 6ish
CSUN 3.7 - 4ish
Wind
APWR -not a pretty volume pattern but it doesn't seem to matter because this one explodes higher when alternative energy plays get hot. Just be fast if you play it and don't get caught holding the bag.

Metals & Mining **ALWAYS KNOW WHAT YOU OWN**
TGB (copper) 50 dma .73
AA (aluminum) 10ish
TCK (diversified copper/coal/zinc/gold/energy) 50dma to 5ish
TC (molybdenum) 50 dma to 4ish
DNN (uranium) 1.2 to 1
Steel & Iron
MEA (scrap metal recycleing/lead fabrication) pullback to 50 dma down to 1.75
MTL (Russian: coal/iron/nickel mining, steel/carbon production) 4ish
PCX (coal)6 - 7
WLT (coal w/ divisions in nat gas,home building,mortgages)
JRCC (coal)

Agriculture Chemicals
KMGB
IPI
TRA
IPHS

Dry Bulk Shippers - hard to give ranges on these as they are so extended. It really will depend on downward volume on pullbacks. But have beautiful volume patterns so need to still keep on the radar but I will keep tighter stops on these if I reload any of them.
GNK 13 to 15
TBSI 9 to 10
DRYS 10 to 12
EXM

Infrastructure
SGR
STRL
FWLT
KHD

TECH/Other
VISN light volume dip 6-6.5
GLW 9.5-10
OME
FRPT
SIGM
ARM 44% gainer off the bottom today on massive volume.

Precious Metals - many seem like they are basing for a move higher. I will post more on these over the coming days but they really should be part of a different list.
CDE
HL
SLW
GOLD
AUY

I will be building up this list over the coming days. Feel free to post any ideas or feedback.

Jax