
The move today by Potash (POT) resembled another accumulation day for the stock and technically is a buypoint. The stock finished today at $123.89 and should move higher from here. I would play this position a bit tighter though, perhaps a 3% stop loss.
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With the market woes today due to recession worries Invitrogen (IVGN) has held up very nicely. The stock gapped up last week with heavy institutional support and hit a new high of $92.03. Next buypoint would be at new highs above $92 but I would catious. Keep an eye on the overall market and make sure any break comes with good insitutional support.
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The StreetTracks Gold Trust (GLD) run continues as GLD today has broken to new all time highs at nearly $83 a share. The high on the day today is $83.24 and volume is approaching 15 million fast which resembles strong institutional support.
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Jeff knows his stuff, give the video below a look and check out his site thereafter. Great trade ideas that every trader can capitilize on.
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