Stocks / Sectors to Watch for 5/14/08
We have the CPI before the bell & crude inventories around 10:30 AM.
Steel / iron ore stocks started to break out towards the end of the day today and they will be at the top of my list tomorrow.
Some stocks to take a look at depending on if these sectors are doing well.
- Ag - AG (bounced off major support and is pushing higher from the base it has formed), AGU (several low volume hammer type bars in succession), CMP (good relative strength today compared to the rest of the sector)
- Coal - ACI (forming a broadening type pattern & could break to new highs)
- Steel - AKS, CLF (continuation), MTL, RIO
- Oil - COG (over ~63), CRK (starting to push higher), HES (breaking to new highs), RRC, XEC
- Engineering (continuation of momentum) - JEC, FWLT, FLR, MDR (looks to be forming an inverse H&S on the daily)
- Solar - JASO / LDK (both have lagged behind the rest of the group as a result of disappointing earnings)
- Semis - if AMAT continues to do well the first 2 semis I will be looking @ are SNDK & BRCM
Jamie has highlighted LEH as a short if financials roll over.
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