This is an update to an earlier post about Sectors and Stocks that have my interest at the moment. There seems to be a rotation back into some sectors that have been out of favour over recent years. I look for stocks within these sectors that develop basing-style consolidation patterns and I then stalk them as they move to potential breakout. I sell Puts in the lead up to any breakout and, if assigned, I then sell OTM Calls or sometimes I then just hold the stock. Here are the stocks that I’m stalking and / or trading at the moment. I have organised the charts into their various market sectors. This is by no means an exhaustive list; I’ll be keeping an eye out for other candidates within these sectors.
Energy
XLE weekly: Energy ETF: the bullish breakout continues:
EMES weekly: this breakout has triggered:
CHK monthly: watch for any new trend line breakout:
CLF: watch for any new trend line breakout:
CLF weekly:
CLF daily:
DVN weekly: watch for any new trend line breakout:
SWN weekly:
VALE weekly: watch for any new trend line breakout:
NBL weekly: bullish after an earlier breakout:
Oil and Gas Exploration:
Oil monthly: a bullish move in progress here:
XOP weekly: Oil & Gas Exploration ETF: on a bullish breakout:
DO weekly: this has now made a bullish close above $20 after the earlier bullish descending wedge breakout:
XOM weekly: watch for any new breakout:
RIG weekly: watch for any new trend line breakout:
USO weekly: US Oil ETF looks bullish:
PBR monthly: holding above $10:
Steel and Iron:
SLX weekly: Steel ETF: looking bullish with this $50 trend line breakout:
AKS monthly: watch for any new trend line breakout:
X weekly: US Steel has made a new trend line breakout but watch for any new make or break at $40:
Financials:
XLF weekly: Financial ETF remains bullish although trend line and ‘Double Top’ style resistance could be ahead:
DB weekly: stalking this:
SAN monthly:
BAC monthly: remains on a bullish run since the triangle breakout and I am looking for a test of $35 near the 61.8% fib:
Metals and Mining:
XME weekly: Metal and Mining ETF remains on a bullish breakout:
FCX weekly: has made a bullish trend line breakout but watch the $20 for any new make or break:
AUY weekly: watch the $4 level:
ABX weekly: watch for any new trend line breakout:
Tech:
NASDAQ monthly: I’m still watching this bullish breakout unfold:
TWTR weekly: watching this bullish descending wedge breakout unfold:
AMD weekly: watch for any new trend line breakout:
Retail:
XRT weekly: Retail ETF has just broken out:
M weekly: watching this bullish decreasing wedge breakout evolve:
ANF weekly: ditto:
