Friday, May 2, 2008

Charts to Watch

UltraShort Oil & Gas Proshares (DUG) - if you think the oil & gas bull run is over then check out DUG. The fund is twice the inverse (200%) of the daily performance of the Dow Jones Oil & Gas Index. Recently broke its downward trend-line on huge volume.
Hess Corp. (HES) - recent break-out that has pulled back. See chart
Rex Energy Corp. (REXX) - breaks out today on very low volume.
Amedisys (AMED) - breaks out on excellent volume. Looking to add shares on a pullback.
Google (GOOG) - looks like Google's back. Nice break-out from a flag pattern.
Apple (AAPL) - very nice cup w/handle. Would like to see volume pick up.

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