The markets finished down about 1% across the board on light volume today. It seemed that as long as you had money in an Oil Explorations company, you hit it big today. Oil stocks overall did well.
Elsewhere Gold stocks climbed a bit higher, and once market leader Apple expanded on its gains from yesterday to possibly signal a new long term bullish trend.
S&P 500 (SPY)
Low volume pull back on the SPY today. Still has yet to break out of this channel one way or another.
Streettracks Gold Trust (GLD)
GLD hit new highs again today. This ETF that tracks the price of the gold bullion has moved nicely over the last few months and continues to climb higher. Original buy points below.
First Solar (FSLR)
FSLR hit my $121.50 buy point two days ago so I tried a few at $217 yesterday morning. Today though my 3% stop was hit and I got knocked out. The stock finished the day down about 6%, and is now back on the watch list.
Massey Energy Company (MEE)
Another alternative energy company, but as others in this group struggle to find direction (*cough* FSLR *cough*), MEE had a great high volume break past $42.50 Monday. The stock has retraced back into its base on lower volume though.
I would try a few at the next break above $42 with a tight stop (say $40.50ish).
China Natural Resources (CHNR)
A nice base forming for CHNR here in the mid $20s. Look for a break at $26 to be your 1st buy point.
E O G Resources (EOG)
On Sunday I posted EOG as a close watcher this week. The stock was at $99.35 looking to break above $101. Today it surged 19 points to finish at $124.73, up some 25% since Sunday.
Devon Energy (DVN)
DVN keeps on adding on the gains finishing today at $106. The stock is up over 11% now since its $95 original buy point.
Buy point on Apple was $123 featured yesterday. Today’s high volume move confirms its break and signals the start of a new up trend. Momentum could bring the stock to $140 before forming a base.
Dollar Tree Stores (DLTR)
This gap has me thinking higher price are to come for DLTR. I may try a few with the next move to $28.80 (a break above today’s highs), Stops $27.80. After that DLTR would be a buy at new highs above $30.40.