The markets are setting up pretty nicely here… at least what I am tracking (cough… cough… Netflix). Below are 2 charts (low risk) I am liking right now.
JA Solar (JASO) – The bollinger bands have acted well and done what they were supposed to when I first tweeted about this current stock pick. Now JA Solar says they are the world’s largest cell firm. While the stock may retreat a little bit, this is only before another jump once again into the stock.
Also look out for a possible inverted head and shoulders pattern creeping in here.
AK Steel (AKS) – It looks like we have a possible break in downtrend, which should result in a nice couple point jump. I’ve been noticing a lot of these patterns forming among multiple stocks so beware of stop loss points for any fakers.
An interested debate on contrarian investing (investing when others wouldn’t).
Tim Sykes shares 5 lessons from his worst trades in 2010.
If you are feeling a little confused, check out a good stock trading 101 class offered by Wall Street Survivor.