November 30, 2004

Ugly Picks

ASR is making new all-time highs and looks good.
With less than 1 million float and a volume spike today, ABIX looks good for the daytraders - they should keep an eye on it.
TZOO reversed up from its 50dma with volume - it looks like a good time to get some with little risk.
ZEUS broke out over $25 - looks strong and ready to make new all-time highs. Another stock in the steel sector, TONS, is looking great.
HWG is trading under its 50dma and is looking weak.
SIM is getting a lot of interest the last few days - if you could get it at a pullback to around $4.50 - I think it is a good bet.
Recent IPO KBAY looks pretty good.

Starting Wednesday, the QQQ is now the QQQQ, trading on the Nasdaq.
The markets look to retrace a bit from here. The question is whether it will continue down and break through support, or bounce back and break above resistance to new highs. After such bullishness the last few months, I want to see how it reacts to its 50dma, and to upward trendlines.
This 3 million share volume spike in the QQQQ could have significance (i.e. short-term top):

* user agreement -- how to use ugly picks


--------

Trackback Pings

TrackBack URL for this entry:
http://WWW.UGLYCHART.COM/cgi-bin/MT/mt-tb.cgi/277

Comments


Post a comment




Remember Me?




(you may use HTML tags for style)