Here are some names to add to your list of stocks. These companies range from NYSE equities to sub penny pink sheets stocks. The goal is to get informed on one or two stocks from the group and form some sort of bias for Tuesday’s session. Good Luck.
Honda Motor (HMC:NYSE) The autos have seen some downgrades recently that have only added to weakness. In Honda’s case you have to obviously factor in the Japan economy situation too. The whole group looks weak and if we start to roll over, HMC could have it’s eyes on the $30 handle.
Apptech (APCX:OTC.PK) This name was the most active sub penny pink sheets stocks. I always like to point this out in entries for the penny stock scalper crowd.
Cameco Corp. (CCJ:NYSE) The grandaddy of all Uranium plays. Shares have been stuck in a trading range, although with a bias to the short side.Still one of the best ways to play the nuclear news flow coming out of Japan. Bottom fishers are still there and there is a gap to fill on the upside. But a break of this level could make $25 seem possible.
Alcoa (AA:NYSE) Earnings have been anticipated now for a few days. AA is certainly a market indicator and is down a little under 5% at the time of this entry. Alcoa could lead us down this week if the downgrades come and the talking heads get rolling.
ECA Marcellus Trust (ECT:NYSE) Announced a spot secondary after the close and the range will be at a pretty decent discount. However, the SandRidge Mississippian Trust IPO market crowd could come in and buy the discount if it reaches 5 or 6%, especially after the massive gain they took last week.
United States Oil Fund (USO:NYSE) Had it’s first big drop this month. I think this one is in no mans land for not only longs, but shorts too. Probably best to sit on the sidelines with this one. Unless you are are a scalper of course.
Walter Energy (WLT:NYSE) This is a typial hedge fund stock. It has a market cap under 10 billion and is volatile. However, it was down huge today after forming somewhat of a double top. This is another one that might be safer to watch than own or short.
American Superconductor (AMSC:NASDAQ) Down today, but still up from the low of the big gap down. The dead cat bounce wasn’t quite what some expected and a re-test of that low wouldn’t surprise many.
JBI Corp. (JBII:OB) The most active IHUB board at the time of this entry always deserves a mention. Especially for those who trade penny stocks.
Ada-ES (ADES:NASDAQ) Down a little over 45% at the time of this entry, and closed the session near the day low. The low of the year is below $5. So if we don’t see a bounce soon single digits are very possible.
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