Saturday, July 01, 2006

Trade Ideas: PPL, IDA,HE, CNL, ATG, IYZ, GGG, NFS

Markets nicely held yesterday's gains, without the swift reversal typical of big counter rallies in a bearish decline. Don't expect much change on Monday given it will be treated like an extended holiday - but Wednesday will see what really gives in this market. Bears will be looking for a post-window dressing sell off. Bulls will happily take a quiet, low volume day.

The Trade Ideas scan was still churning out stocks after hours. The most recent 8 are given below. The scan still provides plenty of options for the buyer.

Some very nice basing action in the likes of PPL, HE, CNL, and ATG.

IDA has a weekly pennant which should break upside. IYZ broke upside from a bullish flag. While, NFS has been hugging the 40-week MA as part of its advance.

Take your pick.





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