Thursday, December 22, 2011


TNA was able to breakout of it's wedge yesterday. We'll see some resistance at $47.50, $50.00 and $52.50. I'll be buying with a stop at $43.75. I think it will break $47.50 but then have trouble at $50.00. If it does break $47.50, I'll raise my stop to that support.

Other good buys today are FAS and ERX. I'm still intrigued by SOXL, but it has been lagging behind so I'll stay out of it. I still think it can get to $28.00 but it's not worth the risk.

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