12/3

12/3

Payrolls before the open. Can that push this higher?
I purchased some HMY and JEC yesterday, but otherwise was in cash and missed this two day eruption.
The big momentum stocks are slowing down, but everywhere else there are set-ups forming where stocks have consolidated. 
There are some, like CAT and SWKS that  seem poised to continue higher.
I certainly was wrong on believing the market would correct lower and I was safe but wrong to be in cash.
Today I will not chase, but take some more small long positions when the opportunity presents itself.
As always, this is in no way advice on how or what to trade. Make your own decisions.
Have a great day.
Ben

HMY

HMY

Same

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BEN

BEN

Nice reversal off of support.

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JEC

JEC

This sector is doing well.

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MGM

MGM

Casinos are lagging, but this looks good.

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ACAS

ACAS

Discussed heavily on Stocktwits.

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HCBK

HCBK

Seeking Alpha had an article that included this as a good financial play.

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SWKS

SWKS

Yowser!

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RIG

RIG

Finally broke out.

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LDK

LDK

Solar is trashed, but this looks like a tight stop play off the trendline.

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IDCC

IDCC

I really like this up to resistance.

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CAT

CAT

Just unstoppable.

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VZ

VZ

Consolidated for a long time. Will it move higher?

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12/2

12/2

That was quite a gap yesterday and if you`d been invested long or bought the morning pullback, you had a good day.
Futures are up again this morning so congratulations to the longs for staying put.
I still am on the sidelines.

There are some stocks that have been brutally sold that look to be bottoming.
If this is going to run up until Christmas, then I better get on board. But, not today.
Good luck.
Ben

ADM

ADM

Finally found a bottom?

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NE

NE

I`ve been liking this a long time, but it just won`t get going.

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PHM

PHM

Same as ADM?

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HMY

HMY

This I think I will try.

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AFAM

AFAM

Stopped at resistance.

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AMZN

AMZN

When will it pull back?

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BAC

BAC

Terrible news...everyone hates it.....maybe give it a small shot.

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12/1

12/1

Run!
We are going to get a gap at the open and my charts say sell it.
A few of the momentum stocks like NFLX are still raging buys...maybe CAT...
but otherwise indicators were turning down at yesterdays close and I don`t trust this.
Even so, I put up a few longs to look at.
Take care.
Ben

NUE

NUE

Steel did look better.

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CAT

CAT

Strong.

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HMY

HMY

Play on gold bouncing off trendline.

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AEM

AEM

Gold miner.

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ATI

ATI

Steel.

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BEN

BEN

This I like.

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C

C

That`s not a bad chart.

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NFLX

NFLX

Shoot this thing someone.

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CAT

CAT

In the Equipment Battle, Ag Wins

Shares of Caterpillar (CAT) have been steadily rising as infrastructure projects around the world have increased sales.  After seeing net income drop by more than 60% from 2007 through 2009, investors are now enjoying a rebound in earnings – primarily driven by emerging market demand.

Caterpillar is well known for it’s bright yellow industrial equipment – used heavily in a wide assortment of construction projects.  The company is also a leader in mining equipment and has recently taken steps to dramatically increase this business line.

If CAT is the 800 pound gorilla in the industrial equipment business, then Deere & Co. (DE)should be considered the equivalent in the agriculture equipment industry.  With an established base in the developed world, and exciting growth dynamics in emerging markets, DE is likely to be one of the major winners in the current agflation trend.

Both companies are leaders in their respective businesses.  But a number of global trends appear to favor agriculture growth over industrial production, a backdrop which should favor Deere over an extended period of time.

Continue reading In the Equipment Battle, Ag Wins

A look at COPPER - November 30, 2010
317 support has held up very well after the trend reversal on 11-17. Possible head and shoulders set-up here, But like the GLD did today, I think this rips higher, pulling the market higher. Copper is a MAJOR market tell. I watch it like a hawk. RSI broke 50. Looming MACD cross. Stochs are looking sweet. 400 first target here, then new 52 week highs. Copper ran early in July before the market did. I expect the same here.

POSTED BY GTOTOY AT 8:50 PM

11/30

11/30

Another day of watching for me.
You would have had to have been a daytrader to make money yesterday...short at the open...long around 1 PM.
I put up some charts worth watching...but nothing I would buy today.
I think we need a direction and I think that direction is down.
On the other hand, there were a lot of reversal candles created yesterday that indicate a pullback has been completed and the move is up.
If I seem confused...... I am.
Protect the cash.
Have a good day!
Ben

AET

AET

Bottom of this channel. Did the United healthcare earnings disappoint?

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BAC

BAC

Good stop below support for a trade.

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JEC

JEC

That`s a nice reversal candle.

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HRB

HRB

I do like this long.

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NUE

NUE

Worth a shot? ATI was up on good volume yesterday.

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11/29

11/29

This is a wait and see day for me...I don`t like anything either way.
cash is king!

Have a good day.

BEN

BEN

I`d like to give it a shot...not today.

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FSLR

FSLR

bear flag...love for this to collapse.

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Dragonfly Weekly Picks

Dragonfly Weekly Picks

http://dragonflycap.com/2010/11/top-10-trade-ideas-for-week-of-november-29-2010/