POSITIONS AND TRADES

This is the chart for DRYS. The stock is bouncing around its 55 and 200 day EMA's. Click on the chart to look at the text on the chart to see the plan.


BWY is sitting right above its 55 day EMA. This may act as support, but I see stronger support at the junction of the 200 day EMA and the trend line drawn on the chart.

The other factor that is contributing to the pair being a strong stock is that there was a huge burst of trading volume in December and since then trading volume and price have both drifted lower. If the overall stock market is going to falter, then I expect a retracement back to the 200 day EMA where a strong buy point is in play as it is near the trend line too.


AIXG is nearing a support although it is below its 55 day EMA. If this stock does not use $31.82 as support and closes below this level, it is a bad sign and has the potential for this stock to take a digger. All of the trading volume has really been around the $32 level.

PLAN FOR AIXG: If the stock bounces off $31.82, buy it. If the stock closes below $31.82, do nothing.