Thursday, July 5, 2012

Watch list for Thursday 5th of July 2012


Probably going to be light volume for Thursday and Friday. So if you planning to trade don’t put too much size on it because market can sell off on low volume on these days.

Watch list:
Exco Resoucres Inc (XCO)
Nice consolidation at this level. Could breakout $8 by next week.
Standard Pacific Corp (SPF)
In breakout mode and squeezing. Ideally I want to see this come back and touch $6 level before another round of firework.
NovaGolf Resources Inc (NG)
Golden cross just happened on the 3rd and I think $6 breakout is very likely then $6.20, $6.70 and $7.30 are next 3-resistance area.
Master, Inc (MTZ)
Bought this and already sold on the 3rd but this chart is sick. 3 white soldiers formed and looking to breakout and trend reversal.