I will be watching how oil continues to act at the $40 level before I get too aggressive in commodity names. A LVPB to the $30 dollar level to 53 WL in USO may be good R/R areas to start picking at some of your favorites. I am already long XTXI and DNN from Friday. This is still a list I continue to build off of and just gives general levels that would would attract my attention. I explained some of the shorthand used at the bottom.
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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 until they see weakness on big volume and sell into strength at the next resistance levels. I will post stops and price 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. I will tighten the ranges as the stocks begin to pullback. I will be looking for the best R/R that arises. I will highlight the best setups as they arise.
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Oil & Gas
XTXI BF, PB to 4.5
PDO 4.5 to 5
NOV 25.5 - 26
CLR
BZP 6.75 - 7.25
QELP BF, 50 3.5
SD 1234 8.15, PB 6-7
CHK 14
NGS 1.5 -1.75
BEXP 3ish
PXP 22ish
Alternative Energy
Solars
LDK
SOL 4.30 - 4.5
JASO 4-4.5
YGE 6ish
CSUN 3.7-4ish
Wind
APWR
Metals & Mining **ALWAYS KNOW WHAT YOU OWN**
TGB 50 dma - .73 copper
AA 10ish aluminum
TCK 50 dma to 5ish diversified copper/coal/zinc/gold/energy
TC 50 dma - 4ish molybdenum
DNN NPB Starter here uranium
STLD dips toward 10 metal fabrication, scrap metal reycleing
MEA OT scrap metal recycleing/lead fabrication
RIO 12 ish Brazilian
SID dip toward 12.5 Brazilian
MTL 3.60-4ish Russian: coal/iron/nickel mining, steel/carbon production
CLF 25
AKS dips toward 9
CMC dips toward 11
NUE 38-40
ZEUS
GSI
GNA dips toward 5
COAL
PCX 6 to 7 Coal
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 Yen @ 91 on Jan 9th report. Weakness in Yen before next report should help Westinghouse division on exchange rates before next report.
STRL
FWLT LVPB 20 -23
KHD
TECH/Other
STX 5-5.35
VISN LVPB 6.5
GLW 9.5-10
OME
FRPT OT
SIGM
ARM 1234 3.35, nPB 2.75-3
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
FEED
PDGI
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Some terms explained
LVPB Light volume pull back
50dma 50 day moving average
PB pull back
nPB nice pullback
LV light volume
BF Bull flag pattern
AT Ascending Triangle Pattern
1234 3 day pullback on light volume after a big move on good volume. Buy point is throught day 3 high.
OT overextended in short term - keeping on watchlist
52WL 52 week low
52WH 52 week high

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