Stock Watch 3.7.11″ Oil part Deux”
These oil plays took a day off on Thursday only to rip to new highs on Friday. That’s the danger in being an over aggressive early short. These are still in play but with oil making new highs these can still run more. Trade them well.
Watchlist HILL HDNG GMET SYMX RIC
Previous watchers still in play: EEE ROYL LEI HDY
HILL
Setting up nice on the daily for a short. I like this on weak action, failed breakouts or any crack of 2.60.
HDNG
Just hanging out printing some nice doji stars. This thing is either going to rip to new highs or drop like a rock. Classic TA style look to it.
GMET
Every day a cheap driller or oil play goes parabolic. This all hinges on oil. Strong oil, breakout, weak oil, breakdown
SYMX
Breaking new highs Look for early run ups on this. Don’t chase the gap ups. Wait for pull back to get long.
RIC
Solid inching chart. The RSI is reaching levels where a short is possible.
