Weekly Review and Watch List

Last week, the market was pretty choppy, making it tough to hold positions without getting stopped out. The week started out on a down note as I got caught in a negative earnings play for MAS for a 8% loss.  I also got stopped out of a MKTG with a 2.7% loss.  MKTG is a very thin stock with high volatility.  And while looking for the breakout at $12, the stock dipped the next morning and I ended up selling at the low of the day. The rest of my plays had small gains from zero to 6%.

I'm still in the DNN position, which is looking much better.  It dipped just below the $1.70 and bounced to close strong at $1.85 on Friday.  I still have a mid-term target of $2.50.

Other stocks I'll be watching...

VZ -Still watching that $27 area on VZ.  I may take a starter position since it popped above the 50 day ma.  I'd add to it if it dropped to the $27 area. A break of the lower uptrend line would cause me to stop out.  My long term perspective sees this in the $40s.

NLST - I'm watching this one again for a rebound off the $3.60 area.  It seems to be bouncing off the 20 day ma pretty consistently.  Not sure how long it can keep it up, but might be worth another try.  I'll be watching for an indication of support around $3.60.  Target would be around $4. Stop would be tight with break of 20 day ma.

RIC - This is a gold stock I'm keeping my eyes on.  I like the way this chart looks.  I'd be interested to see if this tests the lower upward trend line for an entry, maybe around $10.75.  If Gold stays strong, this stock can show some strength.  Its got a nice wedge pattern that's formed since Sept last year.   I'd like to buy on a dip and see this move to the top end of the range for a potential break out.  Stop would be around $10.50

Budweiser Shootout winner Kyle Busch.  Great win for Kyle after nearly crashing twice.