BUY AHD $7.12SOLD SDS $33.89
BUY GCE.TO $5.82
Stocks started off this year with a bang, as US$ weakness helped to lift gold, oil, and mining stocks. I'm seeing lots of really good setups everywhere as markets continue to move higher. Stay long in this market or else you will end up like this guy!!
Coal inventories are tight and negotiations of higher coal prices are coming in from China. I like coal stocks through 2010! I picked up some Grande Cache Coal (GCE.TO) today on the heel of this news as well as the pop on Western Canadian Coal (WTN.TO). This should perform well as it looks to be breaking out of a short term trading range and hitting some new multi-month highs. WTN.TO was up 15% today!
AHD looks ready to pop as well after this neutral range trading. Near one year highs and volume coming in. Any break from this level will lift this a lot higher!!
Looking at my scans, I'm seeing tech and mining/material stocks lead the way higher as demand for resources continue with the global recovery. I like stocks in Steel, Copper, Oil and Gas, Solar, Alternative Energy, and Gold.
If you want to play the mining sector longer term, I own CMW.TO, which is the Claymore global mining ETF. This gives you good diversification in that sector and is performing well in a nice uptrend.
Crew Energy (CR.TO) has also been performing well and is one of the top stocks in the Oil and Gas sector. I've been taking some profits on it and currently up 17%. On any small dips, I will buy more!
MLNK is another one of my top performers so far, up close to 11%. A nice breakout today out of a small neutral consolidation. I like this going higher!
Few stocks on my watchlist:
TCK.B.TO
AET.UN.TO
GO.TO
BNK.TO
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