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Let’s get back to business, though, shall we?
Since Thursday of last week, I’ve been itching to get back into charting and company analysis. This weekend was my first time using FINVIZ, and to all beginners using this screening system, it is the best thing since sliced (and buttered) bread. I will tell you now that FINVIZ saved me at least four hours of work and allowed me to find better companies and better results than theStockHacker service found in the TOS Trading Platform.
The tickers I’m presenting to you this week via the Swing Trading Solo watch list and the Investment Opportunities watch list are tickers that deal with the following sectors and industries. Under each category (sector or industry) will be a list of tickers that are in one of the two watch lists I have put together for this coming week.  Before I disclose which watch list they’re in, I want you to know where I’m looking and why. Some of the tickers seen in the “industries” category could be listed in the “sectors” category but have been singled out due to the importance of the industry they are in.  Enjoy:
Sectors
Basic Materials - SSRI, GSI, AKS, CENX, AA, X, ABX, FCX
Energy - WMB, FTO, SE, SD, CRZO, SFY, MEE, SGY, CVX, EXH
Utilities - DUK, NRG, EQT, PEG
Services -Â HPY, DRYS
Technology – DELL, LDK
Industrial Goods - CWST, SPWRA, CBI
Industries
Semiconductors - JASO, SOLR, SOLF, AMKR, SNDK, ENER
Farm & Construction Machinery - MTW, TEX, CMCO, CAT, BUCY,
Diversified Machinery – BC, BGG, FLS
I have singled out the Semiconductor and Machinery industries in order to show you that these are the two industries that I found to have the best technical setups coming into this week. There are a lot of price and trend supports being held and I have a high conviction that if tech explodes, the Semiconductor industry will be the ones behind the madness. Solar corporationsare one of the leading front runners for Obama’s new Energy Bill, and if this bill gets passed by the Senate, say good night to the Energy sector for the short term time span. With that being said, I have tickers from the Energy sector up above just in case the reverse of my thought process occurs.  If this is to happen, the tickers above are the ones I’ll be dipping into.
Another good thing is to keep your eye on the Basic Materials sector. Seeing that the technical rally from the beginning of March until the beginning of May was lead by metal tickers, I’d want to have a close leash on these names that have taken a breather and are prepped to explode when our stock market comes to its senses. Â The tickers above encapsulate the following metals in order for you to diversify your portfolio via the Basic Materials sector:
- Silver
- Steel
- Iron
- Aluminum
- Gold
- Copper
Utilities are your safe bets that rarely increase at extremely large rates. The utility companies seen above deal with Gas and Electric utilities, again being safe “government” trades that you can sit on for a while if you catch them at the right time. In my opinion, I’d wait for the tickers above to experience a clean breakout before swinging into them full force.
The watch lists for this week have been adjusted to the tickers above. Enjoy:
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Investment Opportunities Watch List
If I wake up early enough, I will be adding a couple of Pre-Market charts to the blog in order to show you a few of my favorite setups from the 43 tickers above.  One ticker that I will be keeping my eye on all week is Alcoa [AA], for they report earnings on Wednesday.  Another ticker I will be watching is Chevron [CVX], for they will be reporting an interim report on their earnings this Thursday (their official earnings date is July 31).
Things that I saw towards the back end of the week that was are as follows:
- Since June 4th, the UUP - UDN correlation has been ridiculously choppy.  As most of you already know, the UUP - UDN correlation will continue to dictate the markets until the dollar collapses and inflation invades our economy or the dollar strengthens and allows our  economy to crawl back into another deflationary vortex.
- GLD and the 100 oz. Gold SPOT have also been choppy since the beginning of June after declining from almost reaching new highs.  GLD has been a dud trade, and anyone who has been attempting to trade within GLD’s current price range (90.00 to 93.00) is having a hell of a time doing so.  Until the US Dollar moves, however, we will not be able to witness a firm direction in the price of GLD and the 100 oz. Gold SPOT.
- KOL and SLX (both of which I will be watching very closely this week) have seemed to form a short term head and shoulders price pattern.  I will post charts either on here or on Twitter tomorrow morning.  Watch a continued dip in coal and steel tickers, and be cautious with individual companies within these industries!
As for now, I leave you with the sound of your wife/girlfriend/dog/pillow beckoning you to your slumber.  Catch ya’ll tomorrow during Pre-Market!
ZMoose
