LoganTrader: January 2011

Saturday, January 29, 2011

Insane stock picks for the week of 1/31

+$1.61 last week........lets keep this ball rollin......This week I'm going to give an expanded view of the set ups on multiple time frames

$IGOI
This one looks good to go for monday

$CXZ
This is another one that looks ripe for monday

$PAL
This looks to open weak monday but should bounce

$SHZ
Talk about an explosive stock.....may need another week or so before you see the fireworks
but it looks like a low risk play at its current level

That is all that I see that look properly set up......I'm sure there are more and if I find them, I'll add them later
A few that are on watch but not quite set up are $ZIXI $LNG $FCEL

New addition

$PLX
A bio that has been riding its 20 day

Gold Review

The market had it's worst day since mid August, it looked like many investors were taking their money out of equities and moving it to Gold. So I thought I would post a couple of charts so we can get a better sense of where gold may be headed and what it needs to do to turn around.

Looking at the daily, Gold looks to have bounced off support and is ready to break resistance

But the weekly chart shows possibly a different story, with a 50 day magnet

Where Gold heads from here will be interesting to watch. With the charts on the markets breaking down, investors may start moving more into the metals. Lets take a look at the S&P 500......