Sunday, November 06, 2011

Watchlist: Only on QE news out of Europe or US

 GNW could go to 9.60 and beyond in a heartbeat, taken out its short-term channel, bullish MACD, if it has a pullback is a gift.

 These three steel stocks are prepared for good news. Ans have similar patterns. X clears 30 you will get 10 bucks on the upside, best to wait and see. Early bird usually gets his ass kicked.

 Trade the break out if and when it comes its getting ready to take off. See how all these stocks did after the last QE. You can get a quick thirty percent with AKS.
 ANR (Coal Producer) Breakout over 32 and you get to 43-44

MCHP if it should get over 38 it will make new highs very quickly.

Specialty Alloy producer chart similar to the other steel companies, break out you run into resistance at the 57 range.

Just food for thought

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