Conoco Cup & Handle

ConocoPhillips (COP) looks to have made a multi-year cup and handle pattern on the weekly chart.  The measured target for this stock is $120.

With Oil prices in a bullish inverted head and shoulders pattern, and natural gas having seemingly found a bottom, this stock appears poised to move significantly higher.  Long and strong.

Blood in the streets -- time to buy

Adding/opening positions in dividend stocks.

Bought Merck (MRK) @ $30, 4.87% yield, no stop.

Bought more International Paper (IP) @ $24, 4.23% yield, no stop.

Bought Alerian MLP ETF (AMLP) @ $14.75, 6.4% yield, no stop.

Bought more Utilities ETF (XLU) @ $30, 4% yield, no stop.

Bought more ConocoPhillips (COP) @ $62, 4% yield, no stop.

I'm sniffing around Kimberly-Clark (KMB).

One winner, Few losers

Stopped out of Agrium (AGU) for ~ 5% loss.

Bought MolyCorp (MCP) yesterday @ $30.50 (NS). That's already up 10%.

Bought Conoco (COP) yesterday @ $61.06 (NS).

Added to Yamana (AUY) yesterday @ $11.17 (NS). Cost average now up to $10.60