1. While flipping through a few natural gas stocks, I noticed Apache (APA) is roughly 10% away from testing its early-2009 lows in the low-$50s. Bulls can hope the mid-December 2014 low near $55 produces another slug of buyers -- but frankly, the chart looks like garbage.
2. Another natural gas name on my list is EOG Resources (EOG), which is a holding of Action Alerts Plus, the charity portfolio that is co-managed by Jim Cramer. Unlike APA, EOG is at no risk of plummeting through its 2009 lows. However, that doesn't mean the chart looks particularly bullish.
I've been stalking a number of oil stocks for tradable lows recently. And while EOG is one of my favorites in the sector, there's no denying a weekly close beneath $86 would amount to another ugly breakdown.
3. A friendly reminder that Apple (AAPL) ¿ another holding of Action Alerts Plus -- is dangerously close to testing $125. That is the level I expect every AAPL trader to be eyeing during the coming week. A bullish rejection of any probe of that level would likely give short-term traders a much-needed level to trade against.
4. Steel stocks haven't enjoyed much interest in ages, but given the recent requests for a quick look at United States Steel (X) and AK Steel Holdings (AKS), I thought I'd point out the potential bearish continuation in X.
The daily chart of X above is pretty self explanatory. Higher timeframe 150-day and 200-day exponential moving averages have been thwarting any upside drives. And with price now threatening to break to new two-month swing lows, this is not a stock I'd want to be long beneath roughly $22.65.
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