Play Editor's Note: After a day like today you can't help but find bullish candidates. However, both the NASDAQ Composite and the S&P 500 have rallied toward their recent highs or short-term resistance. Combine that with the jobs report tomorrow and we don't feel like chasing today's rally. Since we're not adding many new plays I'm listing some stocks we're watching.
TCK is a metal and mining stock that is bouncing from its 50-dma.
TRA all the fertilizer-related stocks are rising. TRA looks poised to breakout past its trendline of lower highs.
HOG. Fundamentally HOG could see some trouble during this economic slow down but the stock looks like it may have bottomed.
OSK is showing some strength and this stock may have bottomed.
SVU, a grocery chain, is breaking out from its consolidation phase.
NCTY appears to be breaking out from its consolidation.
OCR looks tempting with today's rally over the 200-dma.
SBUX should also be facing some challenges with the economic slow down but the stock appears to have bottomed.
PFE, we were VERY tempted to buy the intraday bounce in PFE today. This would be a very speculative trade. Use a stop under today's low. Target 19.50-19.75.
IOC the bounce here looks good but we didn't want to chase it.
GSX is breaking out from its consolidation pattern.
New Long Plays
Holly Corp. - HOC - close: 45.72 change: +1.26 stop: 43.99
Why We Like It:
Picked on June 05 at $45.72
New Short Plays