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Technical Analysis with Woodshedder

The Daily Breakout

by Woodshedder on May 8th, 2008 at 8:45 pm

RSX

(RSX: 10.62 0.00%) From Russia, with love. Yet another foreign ETF that is breaking out. If you are into the foreign ETF thing, be sure to check out Alphadawg’s post on ETFs.

EP

(EP: 5.57 +4.11%) El Paso Corporation operates in the natural gas transmission, and exploration and production sectors of the energy industry in the United States.

What a fantastic breakout from a huge base. This one will run for a while.

DTV

(DTV: 18.20 +0.61%) The DIRECTV Group, Inc. provides digital television entertainment in the United States and Latin America.

After today’s doji print, a retest of the pivot is in order. Watch closely for a bounce from ~$26.50-$27.00. Failure to bounce could mean this breakout will fail.

Its my birthday today. I’m taking the rest of the night off to do some fun shit. See you people in the a.m.

 
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