TSO- Tesoro Petroleum- Refinery stocks- are they good buys?

TSO- Tesoro Refinery stock.

On the weekly chart, Tesoro stock has a very nice trendline/resistence line. Chances are it will break upwards.

For traders and investors interested in cyclical stocks, refinery stocks are worth watching.

If the breakout occurs in TSO, it should be traded with a stoploss just below the exntended trendline. This industry has been in bust for last few years and when the fortunes changes, these stock can return 200-300% return over a year or two.

(The Crude Oil is in interesting stage. At $90, its technical requirements can be met for the great drop from $145 level to low $30s level, assuming 50% retracement. Anyway, if the Oil goes down, the margin for the refiners should improve)

As always, keep a stoploss if you enter into this stock. Also there is no trading signal right now. Just watch it and act when it breaks the trend line from below. Then stay long, as long as the prices are above the extened trend line or risk 10% loss from your purchase price- no more.

SIRI- Another big move is coming

SIRI- Sirius XM Satellite Radio- After a nice upward move from from 37 cents to 78 cents, the stock is trading in narrower and narrower band. Most recently it seems to be stuck in 65 to70 cents band. The volume is also slowing down- so the tough battle between sellers and buyers in this field (band of 65 to 70 cents) is becoming decisive...one group is going to emerge as a winner shortly. Bias is towards an up-move.

The best trading strategy in such situation where we know- a move is coming but the chart is not decisive about the direction- is buying options- call options at 70 and buying put options at 65. However there are no options for SIRI at this moment.

The safer trading strategy is watch out for a breakout (which most probably will happen with a gap in prices) and jump on.

The aggressive strategy is to trade now but never lose sight of the stoploss (Duh, not only here but every time, a trader who is trading for a short-term movement can not afford to ignore stop-loss)

I am watching for 2 things- breakout above 70 or below 65 WITH jump in volume.

MESA: Mesa Air Group (NASDAQ: MESA): Watch this stock

MESA Air Group (Stock: MESA):

Nice patterns. The resistance line broken on high volume. A flag pattern on high volume. Volume going down now. To complete the Flag pattern, it might give another jump of 15 cents (similar to it going up from 16 cents to 30 cents.

Current price 24 cents. Stoploss at 2o or 22 cents.

DIA- SPY- major ETFs are showing a complete Trend Reversal today

On Sep 5th we had a REVERSE buy signal. That lows are not broken and today we have our favorite U TURN Buy signal. The market opened lower but it managed to close strong.
This just shows that despite negative sentiment, there was very good bottom fishing/purchasing in the market.
So IMO it is time to ride the market with stop loss at Sep 5th Lows.

DIA- SPY- major ETFs are showing a complete Trend Reversal today

CHINA CDC Corp (NASD: CHINA) Is it reversing?

CHINA CDC Corp (NASD: CHINA) Is it reversing?

Today I find a JUMP START (Profit From Prices) trend reversal signal in CHINA. Can be traded with stoploss at previous day's closing price.


CDC Corporation provides enterprise software, online games, and Internet and media services. The company's Software segment offers enterprise resource planning, customer relationship management, supply chain management, order management systems, human resources and payroll management, and business intelligence products. Its products are designed to support and automate the processes of an organization to help achieve company-wide integration of business and technical information across multiple divisions and organizational boundaries, such as finance, manufacturing, logistics, human resources, marketing, sales, and customer service, by utilizing common databases and programs that share data real time across multiple business functions. The company's Global Services segment offers information technology services, eBusiness consulting, and Web development and outsourcing, as well as a marketing database and marketing support service principally in Australia and New Zealand. Its Games segment offers massive multiplayer online role playing games and massive multiplayer online games, which are online games that allow users to interact with one another in a virtual world by assuming ongoing roles with different features. The company's China.com segment encompasses a range of businesses, including Internet media business, which is focused on online entertainment, and Internet products and services that target users in China via its portal network; and a Singapore-based travel trade publisher and organizer serving the travel and tourism industry in the Asia Pacific region. It operates in North America, Europe, the Middle East, Africa, and the Asia Pacific region. The company, formerly known as chinadotcom corporation, was founded in 1997 and is headquartered in Causeway Bay, Hong Kong.

BVF -a Good buy at today's close. + STP, SOLF

BVF- A strong REVERSE signal. Should be traded as a trend reversal signal

SOrry don't have SnagIt to capture the chart.

Similarly STP and SOLF seems to be showing JUMP START signal.

NVDA- nVidia- Strong trend reversal signal today

NVDA- nVidia- Strong trend reversal signal today. Can be bought with a stoploss at today's low.

XLF Financials Sector SPDR

Weekly Reversal--

Makes sense for investors and traders alike.

KEY Keycorp- a nice U TURN stock reversal siganl

KEY- Keycorp has a nice U TURN stock trading stock reversal signal.

As always, these signals and post on this blog are purely based on PRICES so one should check out the company in more detail to see if it fits his investment strategy and financial situation.

Keep a stoploss at today's low price.

HL "Hecla Mining"- if you love this stock, love it even more today

Here is another JUMP START signal. HL Hecla Mining stock.
The recent drop in price worries me a bit but today's signal is a nice one. One should keep a stoploss at around $8.49

STOCK: CDNS- looks like better days can be seen again

CDNS showed a JUMP START signal with nice jump in volume. Keep it on your radar.

If you decide to trade, keep a proper stoploss to protect yourself

FMD "First marblehead" A good stock to enter

FMD has a strong trend reversal signal on excellent high volume. However the stock has jumped too much in a day so I would wait for it to drop to enter around 16. Keep a proper stoploss.

AMD- Advanced Micro Devices-- A trading opportunity

AMD- Advanced Micro Device, shares have shown a U TURN profit from prices trading signal. It is worth trading the stock with stoploss around today's low- 12.74$.
(INTC- Intel Corp stock also showed a FREE FALL signal today showing a reversal to negative trend.)