Breakouts for Jan 3rd : Two weak candidates for Tuesday. The first pick, SMXMF, is an OTC BB play which I am featuring because it is in a strong momentum area (junior gold miner). The stock finished last week at new near term highs with next resistance at $0.57. All three technical indicators are in the green; although a bearish divergence is developing in on-balance-volume. The point-n-figure chart still rides a double bottom breakdown from April 1st and it is going to take a move to $1.00 to reverse this (unlikely at this stage). For a momentum play I would look for psychological resistance, in this case $1, as a price target. The second pick, TGB, is a copper and gold miner. The stock is in better technical shape than SMXMF; strong accumulation and a breakout in on-balance-volume, including an overbought slow stochastics, strongly favors the bulls. The point-n-figure chart is in the same vulnerable state as SMXMF needing a move to $1.75 to create a breakout (it is still on a May 16th double bottom breakdown). Strong Friday volume was in part due to a webcast from the company. The third pick is no candidate.

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For those who prefer to set their own price targets the table opposite represents the frequency for a given % return (taken from maximum highs) assuming a fill at at the stated "Buy" price on the open (i.e. the prior days close). The return per trade from 5% risk is typical of what my subscribers can expect from their picks. The return per trade from 10% risk is what one can expect from my free stock picks. Returns will be higher on fills below my "Buy" price

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96% of featured stocks turn a profit greather than or equal to breakeven, assuming a fill at the prior day's close. 91% of featured stocks return a profit of 1% or more assuming a fill at the prior's day close; 78% of picks return a profit of 2% or more. 92% of featured plays are completed within a 6-month time frame. Stocks which are still in play beyond 6-months are usually experiencing strong rallies. Returns will be higher on fills below my "Buy" price

Buy	Stop	Target	Support	Resistance	Risk:Reward	IBD
-	-	-	-	-	-	-

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"IBD" refers to Investors Business Daily

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