Tuesday, May 13, 2008

Sectors / Stocks to Watch

  • Rails (bull flags) - BNI / KSU / CSX
  • Ag (downtrend line breaks / look better on the intraday charts) - POT / MON / MOS
  • Water - FLS (bull flag) / AWK (could follow FLS's lead)
  • Steel (bull flags)- MTL / X / CLF/ AKS
  • Tech (bull flags) - BRCM / ADSK / ADBE
  • FLR's opening tomorrow should gap it up to new all time highs

Today's volume was really light. Hopefully we get some more volume tomorrow. For some reason I doubt it.

Be careful out there tomorrow. We have a day loaded with fed speak.

Low volume + tons of fed speak could make for a very choppy session.

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