TheSlayer's Market Thoughts: 2012-04-15

Thursday, April 19, 2012

UAL a big winner for those who recognized the uptrend early. Now we watch the channel.

ZAGG continues to coil as it appears afraid to leave our triangle!

MCP forming a flag/pennant, watch the support level.

ANR working its trend line perfectly.

RENN forming a flag/pennant, watch the 200 SMA as support.

MPEL has formed a channel, in any event it continues to perform well for us.

Still playing the channel, when I don't have to change anything on a chart from week to week, it's a good sign the analysis is correct.

Coal group enjoying a nice day, lots of breakouts in the sector.

PCX joining the coal group in having a great day.

ANR broke out, watch for resistance at the 50 SMA.

DRYS still in its Bull Flag.

MCP holding the trend line well.