SO far SO good

MDR, GRA, and SD are all working perfectly thus far. Coming into the day I had full positions in all three, adding more into the light volume weakness early in the week. These are all positions which I like long term and will be continually trading around. SD looks to be breaking out of a triangle pattern and needs a big volume day to make a big move. With oil finally seeming to form a good support level around $40 I really like this one for some good upside in the near future. GRA is bouncing on light volume and I locked in big portion of the gain. Only 12% gain but I had pretty big size and wanted to lock in some gains and allow SD and MDR a little more room to run.

MDR I am in at 9.92 and I think could run into Monday when we get the news on the new stimulus plan. Any further investment into infrastructure especially nuclear and this one could really see some upside. Just today MDR received awards in excess of $1 billion for the manufacture of nuclear components to support U.S. defense programs, including the manufacture of U.S. Naval nuclear power systems for submarines and aircraft carriers. MDR said this work is part of a set of contracts that, once complete, will be worth more than $2.66 billion in revenue over a 10 year span.
If oil rallies from $40, MDR stock should benefit as the Offshore Oil and Gas Construction segment of MDR which engages in the front-end design and detailed engineering, fabrication, and installation of offshore drilling and production facilities has been the main driver of MDR's stock price over the past year. All in all this one has a really nice volume pattern and has consolidated recent gains over the 50 dma and has several potential catalysts for some good price appreciation. So I am going to remain long and strong this one for now but will, as always lock in some gains as they come and always use stops.

Sorry the posts have dropped off a little recently but I plan on posting more frequently very soon and get back to posting charts and market commentary.

JAX