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October 10, 2009

Swing Trade Set-Ups

My gold stock watch MMG from yesterday popped 60% today. I don't expect most of these to pop over 20% in one day soon but who knows. Net-Net FSII just broke out again and has some good technicals going for it. Most of these watches below are suited for a swing trade with the stop loss right below the trend lines or fairly loose. Ideally these might be good entries on slight pull-backs if they happen to come quick or on the next push up depending on the next move.


This is a flu play. They sell point of care flu tests. I think EPS guidance maybe isn't taking fully into account the swine flu panic by offices ordering more product.
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The ticker is CEMJQ formerly CEM I believe
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I've talked about this baby boomer retirement play a lot in the past year. Very bullish chart.
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Trades in a clear trading range. 16.90s is sell target
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Same stock longer-term
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A watch for breakout from this trading range.
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You know the bulls are in control when consumer fashion apparel stocks like American Eagle AEO are breaking out on gaps on huge volume. No doubt retail sales results had a hand in this. It's the direction the market goes on the news that is important. Hey, so what if it is from 0% rates and trillions in stimulus. I'd be happy to long AEO on retest of gap about 17.40ish if it holds. It might just take off though tomorrow but I doubt it. It still would be a spec swing trade though.
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full disclosure:no positions