Monday, January 17, 2011

Chart of the Day

Let's make it Chart(s) of the Day today. Today, we have two possible short squeeze candidates. Both these stocks are setting up nicely here, have bullish volume patterns, are at important levels and the huge short float makes them possible short squeeze candidates. As always, it being earnings season, be sure to check when these stocks are reporting before getting into them. Here is my general strategy for earnings season.

LEN - Could breakout over 21. 17.39% short float.

MNI - Been consolidating very nicely for quite a while now. Watch out for a close over 5.08. 30.50 % short float!

Here are my favorite sectors heading into next week and be careful of gold miners here.

Take care and good luck!

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