Pricesmart PSMT

PriceSmart, Inc. owns and operates warehouse clubs in Central America and the Caribbean. Its warehouse clubs sell consumer goods and perishable foods at low prices to individuals and businesses, as well as offers ancillary services, which include food courts, tire centers,and photo centers. As of November 6, 2009, it operated 26 warehouse clubs in 11 countries and one U.S. territory, including 5 in Costa Rica; 4 in Panama; 3 each in Guatemala and Trinidad; 2 each in Dominican Republic, El Salvador, and Honduras; and 1 each in Aruba,Barbados, Jamaica, Nicaragua, and the United States Virgin Islands. The company was founded in 1994 and is headquartered in San Diego,California.

As you can see, PSMT has broken through the upward wedge it has longed formed and is now poised to continue to move upward. This would be a good stock to move into presently with some research still needed to know when to exit as it moves.

UltraShort MSCI Brazil ProShares

The investment seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Brazil index. The fund invests at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.The fund is nondiversified. Since this is the inverse (or bulliish when the real market is bearish) it is worth watching here. We have had a double bottom already form here, now we are waiting for the stock to break above the resistance area before we invest in it.

Owens Corning
One Owens Corning Parkway
Toledo, OH 43659
United States - Map
Phone: 419-248-8000
Fax: 419-248-8445

Owens Corning, through its subsidiaries, provides composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, mat, veil, and other specialized products. Its products are used in pipe, roofing shingles, sporting goods, computers, telecommunications cables, boats, aircraft, defense, automotive, industrial containers, and wind-energy applications in power and energy, housing, water distribution, industrial, transportation, consumer, and aerospace/military markets.

We have a perfect Ascending Triangle forming here in OC, Owens Corning. It appears to have bounced off the "25" resistance level about 5 times. We are being liberal when we talk about bouncing off, but you get the idea.

Watch this stock and look for a break through on the upper end to confirm that it is going to continue on its upward trek. When it does break through, look for higher volume as a powerful confirmation that bulls have the upper hand. This is a great formation to wtach and it comes throguh more than 60% of the time.

Greenhill & Co., Inc.

Greenhill & Co., Inc. operates as an independent investment bank. The company focuses on providing financial advice on mergers, acquisitions, restructurings, fund placement, financings, and capital raisings to corporations, partnerships, institutions, and governments. It acts for clients located worldwide from its offices in New York, London, Frankfurt, Tokyo, Toronto, Chicago, Dallas, Houston, Los Angeles, and San Francisco. The company was founded in 1996 and is headquartered in New York, New York.

As we wedge down in this formation we can see that we have broken through a larger triangle formation on the down side. Look for it to test the upper resistance level of the triangle and at that point it possibly could be a good bearish play with options.

Media General, Inc. (MEG)

Media General, Inc., a communications company, provides news,information, and entertainment through various channels in the UnitedStates. It operates in three segments: Publishing, Broadcast, andInteractive Media. The Publishing segment offers daily and Sundaynewspapers in Virginia, Florida, North Carolina, Alabama, and SouthCarolina. It publishes 24 daily newspapers, including The TampaTribune, Richmond Times-Dispatch, and Winston-Salem Journal; andapproximately 250 weekly newspapers and other targeted publications.

Nice Ascending Triangle to Watch. Watch a bounce off the support and then wait for the break through of the other trend line forming the triangle before buying. Look for a growth up to "11."

Media General, Inc. (MEG)

Media General, Inc., a communications company, provides news, information, and entertainment through various channels in the United States. It operates in three segments: Publishing, Broadcast, and Interactive Media. The Publishing segment offers daily and Sunday newspapers in Virginia, Florida, North Carolina, Alabama, and South Carolina. It publishes 24 daily newspapers, including The Tampa Tribune, Richmond Times-Dispatch, and Winston-Salem Journal; and approximately 250 weekly newspapers and other targeted publications.

Nice Ascending Triangle to Watch. Watch a bounce off the support and then wait for the break through of the other trend line forming the triangle before buying. Look for a growth up to "11."

GAMCO Investors, Inc. (GBL)

GAMCO Investors, Inc. together with its subsidiaries, providesinvestment advisory services primarily in the United States. Thecompany offers its advisory services to a range of investors, includinghigh net worth individuals, corporate pension and profit-sharing plans,foundations, endowments, jointly-trusteed plans, municipalities,open-end mutual funds, closed-end funds, limited partnerships, offshorefunds, and separate accounts. It also serves as a sub-advisor tothird-party investment funds, including registered investment companies.

This company is in a perfect "trading channel." Watch it as it hits it's upper and lower areas, it might give good opportunity to make money on Bullish and Bearish Option plays as it bounces off it's "Trading Zones."

McDonald's Corp. (MCD)

McDonald's Corporation, together with its subsidiaries, franchises and operates McDonald’s restaurants in the food service industry worldwide. Its restaurants offer various food items, soft drinks, and coffee and other beverages. As of December 31, 2008, the company operated 31,967 restaurants in 118 countries, of which 25,465 were operated by franchisees; and 6,502 were operated by the company. McDonald's Corporation was founded in 1948 and is based in Oak Brook, Illinois.

Watch this double top with McDonald's. It could easily turn into a triple top and then we will have the opportunity to make money with options on the way down. This is one possibility. The second is an ascending triangle and the company may continue upward. Either way, be ready to make a move which ever way this moves.

Wright Express Corp. (WXS)

Wright Express Corporation, together with its subsidiaries, provides payment processing and information management services to the commercial and government vehicle fleet industry in the United States, Canada, New Zealand, and Australia. It operates in two segments, Fleet and MasterCard. The Fleet segment provides payment and transaction processing, and information and account management services.


The MasterCard segment offers payment processing solutions for corporate purchasing and transaction monitoring needs. Its products include corporate charge cards, which provide commercial travel and entertainment, and purchase capabilities to businesses; and single use accounts.

Watch this breakout point for the triangle, we are very close.

Western Digital Corp. (WDC)

Western Digital Corporation engages in the design, development, manufacture, and sale of hard drives worldwide. It offers hard drives, including 3.5-inch, 2.5-inch, 1.8-inch, and 1.0-inch form factor drives under WD Caviar, WD RE, WD VelociRaptor, WD Scorpio, WD Elements, WD AV, My Passport, My Book, My DVR Expander, and WD GreenPower Technology brand names. The company’s hard drives are used in desktop computers, notebook computers, enterprise storage, workstations, video surveillance equipment, networking products, digital video recorders, satellite and cable set-top boxes, and external storage appliances.

Here's a Stock with Great Option Income potential. Watch it and wait for a slight correction before entering.