31Dec12:18 pmEST

Sailing Into 2015

DIGITAL CAMERA NILE is a name we have been looking at on the long side since mid-November. The retail play could easily be ripe for a squeeze into next week, as it has been consolidating just under $37 for a good while now. On the updated daily chart, below, note the basing pattern (purple lines) under well-defined resistance (light blue line). The chart still has much room to improve, but the stock continue to merit watching. Elsewhere, natural gas and commodities continue to flounder, which is why it is so key to cut losses and contain any trades in the complex, as I did yesterday afternoon when I moved back to 100% cash, evading any big losses. I will likely stay in full cash until Friday. NILE  

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