Tuesday, January 4, 2011

New Positions BYV.V CQE.TO

Small uranium stock. I like the risk reward but it needs to work in a couple of days. I like the 61.8% retracement and the 4 months time symmetry.

Junior nat gas producer. I think the sector has found a bottom, we shall see. Good risk reward but there's a Head and Shoulders pattern in the 60 mins chart. Stop is below the 50 MA. Overall, the markets are extremely overbought, there was a reversal on the SP and TSX today so I will eject some of these names fast if things roll over.


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