Tuesday, March 16, 2010

Commodity Ideas

Here are some commodity stock ideas for the near-term.

XME and OIH (Miners and oil, respectively) showing very nice base here and look great for break-out.

Our only worry is that the USD here represented by UUP, is heading into decent support as it heads into the 50SMA. Something to keep in the back of one's head while trading these names.

We posted these six with additional notes on Chart.ly under user name HCPG.

MDR not a pure-play commodity stock but the company is heavily involved in off-shore RIG construction.