The Dow is probably on a consolidation mode at this point and breakup
or down from there next week. Per my watch list yesterday $SEFE continued to go
higher as I expected 10%-20% and it finished up +12% on the day. On the
intraday chart we can see that they dip and rip it just to trap more short
sellers. Now I think $SEFE could attract more buyers and squeeze some shorties
from here. However, they might dip it again toorrow to make a higher low then through
52week highs.
Here is my watch list for 5/1/12:
Lodgenet Interactive Corporation
(LNET)
Awesome fade and nice chart so far for a bottom bouncer. This thing is
going to bounce hard after making the turn. Our ideal turn is right at $2 support.
Bluegreen Copr (BXG)
Another nice fader and also top heavy. I would like to see this drop
even more with increasing in volume. Not ready to bounce yet and if it does
tomorrow might be a fake one.
Pacer International Inc (PACR)
Right at $6 support and forming a good base. Good risk reward at this
level $6.20 target with $5.95 stop loss. Day trade only.
Willbros Group Inc. (WG)
No call here. Just to bring to your attention. Chart looks awesome here
but if I play this tomorrow would be a short into morning spike.
Uranium Energy Corp (UEC)
Miss the buy at around $2.85 last week but this $3 break could really
get it going. Watch for weak open tomorrow and perking r/g then $3 break.
Penn Virginia Copr (PVA)
Chart looks good and it hasn’t really run yet. Just a slow steady grind
and it could rip this week if $5 holds. Former runner.
