I have begun to run what I call my "early industry screen" on a daily basis to
look for an unusual amount of stocks in a goup that are set up
for a swing trade. There are 23 Electric Utility hits and sure enough XLU
looks good.
I traded CPHI today for no gain..... I cant watch it every second at work so I was in at 3.97 it ran up to 4.20 I moved my stop to 4.00 and got stoped out for no gain....didnt re enter but had nice vol on a BO so watch it Tues..
XLP up today ? -- I guess it got a boost from the supermarket stocks...
I sold my XLU at a few ticks above break evan... bought some TWM made .40 and quickly spent it trying to trade it agin as the RUT bounced around 635.....
I bought the VXX at 30.10 in the PM was a good winner should a sold at 30.50 but work got in the way and it had pulled back to 30.15 by the time I looked at it again......
CPHI = small China bull. Cap is about 170 million. PE about 8.3. Earnings growth expected to be at least 15 to 25% during 2010 although last quarter it was over 60%. So figure a PEG of no more than about 0.5, maybe as low as 0.3 or lower.
If you can get a good entry and not get stopped out immediately, it may be possible to ride this one up for a few months. I'm long this one and hope to get a good ride on it.
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