Saturday, May 02, 2009

Sector B: Metals and Minerals

The ETF we like to trade in this sector is XME which looks set to go to the 200SMA and resistance around 38. Looks great.


Here are our favorite trading stocks within the sector:

MEE might need a few days to consolidate the Wednesday earning's move but it looks good to go for at least another 6 points. If you're a swing trader look to buy dips on this stock.

Huge volume break-out move on JRCC on Friday -- a bit of digestion under the 200 SMA would be excellent for this runner.



We had CNX in our newsletter with 33 alert for Friday. Stock looks good to 38.


We had BTU long alert for Friday at 27.5. The stock blew through our spot and now is basing under 30. Looks good to go for another 4 points.


This sector looks even better than the Ag-Chem in that a) it has less congestion (compare to MON) and b) has more up-side potential in that resistance is further away.