Put together another short list of stocks for next week and perhaps the next few weeks. Again looked at possible news based stocks and/or significant TA features.
Have added updates on USD, SPX, and HUI:GOLD which again are urging caution at these levels, will close out a few short term trades next week.
As always DYOR and good luck all for next week.
Any comments or alt views/charts welcome.
(Disc; own AVB/OB,EXM/O/OA,GMR,RXM from this thread)
Summary
Market Charts
HUI:GOLD, USD, SPX
Breakouts....
EXM,TAS,PNX,MZM,AVB,RDR,SWN
Potential breakout? Continuation/trend change
RXM, NGE,NWE, VIL, NEU, ORD, BCC, WDR, BTR, THX, RMI, SOE, ROL, IMI, OEX
Market Charts
HUI:GOLD Gold recent highs around US$1060 have not been followed by major gold stocks, this divergence when it occurs always concern me regarding sustainabliyt
of the move, compents of the HUI still holding uptrends however would watch closely this week together with USD.
USD - Oversold now in primary downtrend, stochs are indicating possible bounce at these levels which would take some steam out of commodity markets. Mixed signals
in copper market which is again well supported by weak production reports from Codelco and BHP. Again watch closely this week.
SPX - Not sure if this formation is correct but momentum seems to be reducing with each rally, perhaps too long in the tooth? 200dma sits back at 914 also.
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stocks for next week oct 26
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