Watchlist Addition April 29th: Contango Oil and Gas (MCF)  MCF is a Gulf of Mexico oil and gas producer.  Notice how the stock is near the bottom of range.  I am watching this name for upside in coming weeks.

UPDATE May 1st:  MCF triggered a long entry at $54.63 this morning.  

UPDATE May 15th:  MCF has remained remarkably resilient to the drop in broad markets in recent days.  I remain long this name.

UPDATE June 10th:  I remain long MCF.

disclosure: I am long MCF

Watchlist Addition April 29th: Westport Innovations (WPRT)  WPRT is a natural gas engine maker who's stock has sold off hard in recent months.  The shares bounced off the $30 support level on Friday and may have more upside in coming weeks.

Update May 5th: WPRT rejected the 200 dma yesterday.  I closed my position for a small loss.

disclosure: position closed