Hope everyone had am enjoyable weekend. It's time, however, to begin a new week, and soon enough, a new year. For now, however, we'll stick to what to trade all the way up to the time of the New Year on market close Wednesday. Let's get started:
On a sector run I had on Saturday evening, I began tearing through areas that have some pushing left in them before the market tanks again in January. For starters, the biggest indicators you can look to for guidance this week are your momentum indicators and volume indicators. I am currently using a regular Momentum indicator and a regular Money Flow indicator as well. These will be vital for two sectors that will either be big-time popping or big-time dropping, these two being Coal and Money Center Banks (Foreign and Domestic). Throughout Saturday, I decided to go bargain hunting on small-cap stocks I could eat up and spit out during the week. In these sectors, I found some reliable bets, and within those reliable bets, I found stocks that are certain for popping this week. Tickers I like in these sectors are:
- ACI (Arch Coal Inc.)
- PCX (Patriot Coal Corp.)
- RBS (Royal Bank of Scotland)
- BAC (Bank of America)
Pending momentum and volume tomorrow, we'll see how these stocks will do throughout the rest of the week. Let's back track a little and take a look at the SKF. The SKF did absolutely NOTHING productive last week, and it rounded itself off, letting me in on a couple of little clues for some sell-offs that have a high possibility of occuring tomorrow (again, pending volume and momentum). No one is out to, "change markets," or, "bank some maddddddd coin," they're out there to try to make some more positive percentages to close out the year on a high note before wiping the slate clean. iETFs are a territory not to be reckoned with... YET. There will come a day where I will say buy buy buy and cash in on those babies, but this week doesn't seem like the correct week for this to occur in. Anything is possible, however, and many of us learned that the hard way. Watch the $TRIN for activity, and if there is heavy activity with a negative market, guess who's playing the iETFs that day?
Continuing on with the sector ripping, I found some interesting stats that lead me to believe some stocks in these sectors might be ready for a pop as well. Below is the sector information I found, and under that will be stocks pertaining to that sector that are at fair prices and are prepping for a pop:
- Shipping Sector: +7.46% (20 Day Span), +2.9% (5 Day Span)
- DRYS
- Oil and Gas Sectors: +9% AVG. (20 Day Span), +2.5% AVG. (5 Day Span)
- CVX, NOV, SLB
- Steel Sector: +15% (20 Day Span), +2.65% (5 Day Span)
- STLD
These are three sectors I am a serious fan of due to their potential for a positive push this week. There is, however, one more sector that I would like to go into a little more detail about rather than just posting it under a bullet, this sector being Silver. Silver took a royal whooping in the past month and a half, and for the actual commodity itself to struggle how it has been for a week to two weeks now is absurd. It's time for Silver, just like Oil, to make a rather large short-term rally before the market, once again, goes into the trash can hand-in-hand with, "Oscar the Economy Grouch." One stock in particular that I see a push for is PAAS. This stock is TOO Cheap, and it got whooped TOO much, for at the beginning of the year PAAS had a price of $44.10. The stock is sitting pretty on a closing price from Friday of $15.97.
Below are the weekly charts with some price ranges, retracements, channel plays, pops, drops, and so on and so forth. Be prepared to have you mind and socks blown, because I've provided so many charts it'll make your head spin. Within each chart are some explanations as to why I like the stock given. Check it out:
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ACI
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ENER
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RBS
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PCX
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PAAS
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WFC
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UXG
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STLD
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SLB
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So there you have it, your weekly picks in a nutshell with your T.A. ideas and mindset slammed into your face like a lawsuit in Mr. Madoff's. I will be updating intra-day tomorrow, and I will also be giving you some insight on my stock pick of the week, AAPL. Good luck tomorrow, and don't forget the Mom. and Vol.! As always...
Keep Tradin'
ZM
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