Tuesday, June 7, 2011

Increased position in PX. Average of PX holdings are now stuck at the middle of the tight trading range. Target still intact, just waiting for the breakout to happen.

LC bounced off support but met resistance at its WPP. LCB hardly retraced to its breakout point. LCB has better price action.

Attempting to predict LC top for tomorrow: 0.97.

URC seems to be forming a flag/pennant. Buying pressure appears to be building up.

AGI forming a bullish divergence on the daily chart? If yes then it could probably yield a 10% gain from its new trough(none as of this writing).

Not much issue to trade with, except for mining issues and other selected issues.

Didn't touch PWR, still unfamiliar with parabolic moves. Too scared to be the one left holding the empty bag.

P1 cash div in DMC, ex-date on the 10th of June. Yield is 2.41% using the recent close(41.40).

I'm liking the 5-minute divergences. I still need more practice!

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