The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Friday, February 03, 2006

MCX Breakout..


Hey folks,


I hope you guys bought a little bit of MCX. It can help ease the pain of todays crazy antics. I do have something to say about the market today. It seems like a lot of "winners" that helped lift the market in late 2005, early 2006 are faltering. It may be due to a top off of the market. This can be true if you look at the DJA industrial charts at a glance. 11,000 was tremendous resistance and the fact that we are struggling to stay afloat in the high 10,000's is not very reassuring. It is becoming a stock pickers market once again, where shorting and picking individual top performing stocks, is king and ideal as well. With that in mind, last nights pick of MCX is on fire today and a sure winner in my opinion.

MC Shipping (MCX) Technical Breakout





















Some other notable stocks showing strength include, GNA, RMIX, EGY, PLNR, SCHK, PRPX, GDI and thats about it....

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