Weekend Thread

Your island awaits :)

I hope everyone has a safe and relaxing weekend!

She's smart, graceful and a great trader

Our panther

Glad to see you posting.  I always gain insight from them whether I follow or not.

THANKS!!!!

Is it time for Basic Materials?- HUN

Huntsman

Huntsman is a chemical company that has one of the lowest PE's in the industry.  It bounced off support and yesterday HUN made a nice move. One could also say it is a cup and handle.  Many of the basic material charts are starting to look a lot better.  I am long a little HUN and FCX.  Lots of stocks popping today but many are quite extended.  You could enter now with a stop around 13.65 or wait for a pullback closer to support.

Many stocks took out their 52 week highs and closed above it.  How much farther can we run and are you comfortable buying on a Friday a bunch of stocks that have made decent moves?