Trade idea: PDN.TO (Paladin Energy)

Uranium stocks have been beaten down over the last year since the disaster in Japan and now seem to be making a comeback. Countries all over the world are still looking to nuclear to supply their energy appetites, and that means Uranium stocks are going to do well in the coming years. Paladin is a stock that I have followed for years and the chart looks good here consolidating over the 200 day MA and ready to bouce off the upward trendline. This may be a good time to start accumlating shares in this name before the breakout of this ascending triangle. Use the 20 and 200 day MA as your stop!

Looking for Yield? Rogers Sugar and Interpipeline!

If you are looking for some nice juicy stable dividend yielding stocks, Rogers sugar (RSI.TO) and Interpipeline (IPL/UN.TO) are two great stocks to own. Both are paying a 6% yield currently! So during these slow months during the sumemr where stocks can get really boring and choppy, why not get paid to wait?

Buy CALP

Buy FOSL, Watching AXTI

Watchlist: SPY, DIA, QQQ, TSX, KOG, HERO, TSLA, GLNG

The US markets look like they are rebounding off the lower trend channel line after a few days of selling pressure. Looks like they are turning up here, a good place to make some long swing trades for the next week.







On the Canadian side, the TSX broke out of the downward channel but still faces resistance from the 50 and 100 day MA. I'm neutral on this market.



Stock Watchlist:

Teck short

AZPN/HAIN

TSX, SPX, DIA, QQQ

Looking at the chart of the TSX, we are in a downward channel currently. We are coming up to the upper downward trendline after the bounce off the lower channel, which makes me think we could pull back in the next few days and into next week. I would look for take some profits on your long positions in the next day or two if we get another day of gains cause a pullback is just around the corner.




Looking at all the charts of the major US indices, they are all bouncing off the lower support level of the rising channel. Most are in oversold territory as well so we could see some buying coming in at these levels for the next week.

Rogers Communications

Short Ideas: ITH.TO, ALTR