Stock Charts 3-31

Here is the daily chart for Rofin-Sinar Technologies Inc. (RSTI). Notice the symmetrical triangle breakout, this is extremely bullish price action.

Here we have the daily chart for McKesson Corp. (MCK). It appears as if we might be completing a double bottom pattern here. Ideally we would like to see increased volume on the v patterns of the double bottom, something we did not have on the second v, but I will be closely watching this stock to see if this pattern completes itself.

Below is the daily chart for Vimpel-Communications (VIP). Notice the head and shoulders pattern. I will be looking to go short on a breakdown of the neckline.

Below is the daily chart for Transocean, Inc. (RIG). I will be watching this stock to see which way the symmetrical triangle will break. This stock has been holding up strong and the fundamentals are good, which makes me think we might break this triangle pattern to the upside.

Here is the daily chart for Gushan Environmental Energy Limited (GU). This is a recent IPO that has broken out of it's range to all time highs. I will be looking to enter a trade on GU to the short side because we may see some profit taking after the huge moves the last two trading sessions.

Deerfield Capital Corp. (DFR). Here is another symmetrical triangle pattern. This stock has been hit hard the last month, but could see a breakout here.

Here are a few other stocks I will be closely watching:

AMZN: Looks like a potential cup and handle formation on the daily chart. Also a potential inverted head and shoulders.

GMT: Another potential cup and handle formation on the daily chart.

XOM and CVX

RIMM: Potential cup and handle formation on the daily chart.
Really liking the solars here. Already have a position in Evergreen Solar (ESLR) and am watching First Solar (FSLR) and JA Solar Holdings (JASO).