Playing Offense With Some Defense

I don't know if these names were one day wonders or if there are more good things to come. Certainly they had a nice day today. The charts look pretty nice and volume has certainly been picking up. I wouldn't chase, but they should be on your radar. I traded RTN for a nice gain but really didn't do much else and it was my lowest volume day in a year. Mike Mayo came out negative on the financials and he is a respected name, but Meredith Whitney, who spoke later on CNBC didn't seem as near term negative, although she did say be careful after the financials report earnings. I agree with her thinking and her timing in that regard and think the shorts will be spectacular.

The bulls pulled a stealth rally today and the day goes to the bulls I think, even though the market closed down.

Update on CHNR,NOC,CHL

Wednesday night I put out three stocks. Two of the three exploded higher today in a lousy market. CHNR I have had out since around $22 but my Wednesday update called for a breakout through $26. Today it was a nickel shy of tagging $29 on triple the average volume. This one can go when it gets legs. Watch for a follow through Monday or a possible pullback buy. I still like it to the low to mid $30's.

I also mentioned NOC and for those who left at the close you will be happy to know they landed a $40 billion dollar contract from the Air Force after the close. The stock is showing up $4 in the after market. As a pair trade I don't have a big problem being short BA and long NOC.

CHL ,the third name, gave a little up but I still like the name with a little better market.