Daily Stock Picks Report Archive

Are you guys excited?  I am, because we are going to have some really good swing trades in the stock market, probably starting tomorrow.  What I suggest, for those of you who have The Wizard Training Course, set up about 3 or 4 stock charts with a 15 minute – 5 day setting and look to buy stocks long on entry points when the fast moving average is coming down, then turning flat, then turning upward.  Confirm that is an entry point by looking at your other technical indicators such as Williams %R, Stochastics and MACD signals.

This will be especially good if the stock market opens down or goes down after the regular market opening and I am thinking there will be many stocks giving signals to buy long.  Again, I suggest using the 15 min chart for swing trades if you plan to hold long over the weekend.  If you are planning to do intraday trades, use the 3 minute 1 day setting (Etrade gives you the previous full day of trades and the current day) to get your buy and sell signal.

As you can see, the DJ-30 (Dow Jones Industrial Average) was down today 344 points or 3% and the Nasdaq was down 74.7 pts or 3.2%.  The financial sector was down 4.23% as a group and oil down 2.78%.

Do you remember I said a couple days ago I wanted to see more down days first before going long on swing trades?  Well, we now have got quite a few stock picks in two sectors, the independent oil and gas companies and the coal companies.

The ideal scenario is these stocks continue downward in the first hour or so followed by a strong buy program.  But if that doesn’t happen, I’ll be looking for entry points using the 15, 5 and possibly the 3 minute stock charts.  We received a decent buy program in the independent oil and gas stocks in the last couple of hours that might just resume at the open.

The top four stock picks in the independent oil and gas sector are GDP, PXD, EOG and GMXR.  I am looking for an 8-10% swing trade that may last a week or so.

DVN, CNQ, HK and CRK are also oil stocks and look very good too.

The coal stocks look excellent, even better than the oil stock charts.  ACI, MEE and FCL look excellent from a technical point of view.  I’d like to see even more increasing volume than today for these three.  This increasing volume on accelerating drop in stock price is an excellent combination to look for on an entry point buying stocks long.  This stock sector is also energy related and somewhat related to commodities as well.

I am still looking for some substantial bounce in energy stocks in the coming months.

CRD.B is trying to turn over but is taking its sweet time.  It should start breaking down this coming week.  I am still short at $14.84 average.

I’ll am short STSI and this is poised to get to $3 target price giving a good 22% profit if that happens.

There is definitely more stock trading volume this week and I suspected we would get some downward  kind of volatility in stocks.   This usually happens when all players come back into the market after holidays or summer vacations.

Have a great day.

Mitch King

www.TradeStocksAmerica.com