How to Buy Stocks
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January 19, 2009 Monday Evening
The stock market is trying to rebound from Thursday’s bottom we should have one with a slow and rocky move up. The futures are down, the Asia markets are down and volume should be light with the $150 million inauguration tomorrow.
Earnings are coming out heavy the next two weeks and more bad news is likely to be issued on earnings forecasts that will likely be lowered by companies.
The ag-chemical stocks MOS, MON, AGU and POT did continue to move up Friday as expected and should continue up higher.
The usual big move in small cap stocks hasn’t taken hold yet. Continue to watch for this group to start moving, especially with biotech stocks. When speculation starts, small caps will benefit.
It is too early to tell if oil prices are going to bounce from here on short term horizon but should move up on an intermediate term.
Intermediate Trade Positions:
RIMM, Research in Motion continues to move up as AAPL moves down on the Steve Jobs’ health issue. This is likely to continue trend for some weeks. Now that the public is distrustful about Jobs health statements and change in status, AAPL is likely to drift lower while RIMM benefits as their competitor’s hold is dwindling.
Note PALM is moving up sharply on negative AAPL news and positive PALM news on analysts upgrade on product announcement. This is not a stock idea, only an observation.
Swing Trades: New ideas: WFC, BAC, C, JPM are money center banks that are excellent stocks to with at least a swing trade if not an intermediate trade (longer than 7 days to 6 months). If you can get a better price with more drop would be nice but not necessary to make money from here.
Day Traders/Intraday stock ideas: RIMM and FSLR were excellent scalps long using a 5 minute chart. Continue monitoring AMZN and AAPL.
NOTES: This is not a good time to do much shorting, not even during intraday trades. When the market presents a good time to short don’t be intimidating selling short when a good sell signal arises. Start with extra small positions until you learn how to read the charts and build your confidence.
When I list several stocks from the same sector, like the housing industry for example, don’t short all of them unless you are well diversified and it represents a small percentage of your total stock account (in that same account).
REPEAT: Keep an eye out for biotechs; they are building momentum and often do well in January.
| Ticker Symbol | Type | Notes | Purchase Date | Open Price | Target Price |
| HWAY, Healthways | LONG- INT | Sold $11.50, 1-7-09; Still hold | 12-29-08 | 11.04 | 14-15 |
| VRX, Valeant Pharm | LONG-INT | Stopped 1-15-09 $21.6; DELETE | 12-29-08 | 22 | ? |
| K, Kellog | LONG-INT | Sold 45.09, 1-6-09; big move Friday, | 1-14-09 | 43.33 | 47 |
| IBM, Int’l Bus. Mach | LONG-INT | Sold 87.70, 1-6-09; hold | 1-8-09 | 86.14 | 92 |
| LLL, Level 3 | LONG-INT | Starting new leg up | 1-13-09 | 77.92 | |
| USO, US Oil Fund ETF | LONG-INT | Sold 38.36, 1-6-09; No worries | 1-8-09 | 32.00 | 50-55 |
| COP, Conoco Phillip | LONG-INT | Sold 56.53, 1-6-09; moving up. | 1-8-09 | 53 | 58-59 |
| BP, British Petrol. | LONG-INT | Sold 48.89, 1-6-09; moving up | 1-8-09 | 48.33 | 51 |
| FXI, Xinhua 25 ETF | LONG-SWI | Bottomed 1-14-09 | 1-15-09 | 25.25 | 29 |
| PTR, PetroChina | LONG-INT | Weak but still hold. | 1-15-09 | 78 | 92-93 |
| DHI, D.R. Horton | SHORT-SWI | Watch | 1-7-09 | 7.84 | |
| TOL, Toll Brothers | SHORT-INT | Watch | 1-7-09 | 21.86 | |
| KBH, KB Homes | SHORT-INT | Watch | 1-7-09 | 14.90 | |
| PHM, Pulte Homes | SHORT-INT | Watch | 1-7-09 | 12.42 | |
| LEN, Lennar | SHORT-INT | Watch | 1-7-09 | 10.86 | |
| HOTT, Hot Apparel | LONG-INT | Good recovery; strong move up | 1-8-09 | 8.71 | |
| AGU, Agrium | LONG-SWI | Sold 38.42, 1-6-09; Looking good | 1-5-09 | 36.91 | |
| FRPT, Force Protect | LONG-INT | Strong so far; DELETE | 1-5-09 | 6.40 | |
| AFFX, Affymetrix | LONG-INT | Still hold; | 1-6-09 | 3.18 | 4.50 |
| MDR, McDermott, | LONG-INT | hold | 1-15-09 | ||
| FCX, Freeport Mc | LONG-SWI | Looking better | 1-14-09 | 24 | |
| MOS, Mosaic | LONG-INT | Acting better | 1-9-09 | 40.37 | |
| DE, John Deere | LONG-INT | Hold; don’t buy more. | 1-12-09 | 45.19 | |
| XME, Metal/MngETF | LONG-INT | Hold | 1-13-09 | 26.14 | |
| BNI, Burlington | LONG-SWI | Rough ride up, $60 stop | 1-16-09 | 64 | |
| XTO, XTO Energy | LONG-INT | Danger; consider selling | 1-13-09 | 35.79 | 43-44 |
| APC, Anadarko Petr | LONG-INT | Danger; consider selling | 1-13-09 | 39.55 | 47-48 |
| MO, Altria Group | LONG-INT | Strong move up. 8.3% dividend | 1-13-09 | 16.02 | |
| SRS, Short Real Est | LONG-INT | Sold at $74 on rebound early; watch | 1-14-09 | 65.32 | 80-85 |
| GS, Goldman Sachs | LONG-SWI | Still looks anemic; hold. | 1-14-09 | 75.88 | |
| PXJ, Oil Services ETF | LONG-INT | Hold | 1-15-09 | 10.50 | |
| C, Citibank | LONG-SWI | Low priced, high reward, high risk | 1-16-09 | 3.60 | 6 |
| RMBS, Rambus | LONG-SWI | $7.75 low Thurs, $9.91 Fri; higher risk | 1-16-09 | 9.00 | 11+ |
| BNI, Burlington Nrth | LONG-SWI | Rough ride up, $60 stop | 1-16-09 | 64 | 71-74 |
| WFC, Wells Fargo | LONG-INT | Oversold; hold for weeks? | 1-16-09 | 17.50 | 23+ |
| RIMM, Research Mot | LONG-INT | Should move up as AAPL goes down | 1-16-09 | 50.38 | 56 |
SWI (SWING): 2-7 days INT: Intermediate term position 8 days to several months. Open Price: price paid on opening long position or price sold on short position. Bold notes on table above represent changes from previous day.
Thoughts: Best odds only, be decisive, aggressive, mentally flexible, stay in position size, don’t overtrade and wait a little longer to buy and wait a little longer to sell. You will find that will make you more money on your trades. Trade what you see, not what you hope for. Intermediate trades are really important to have trailing stop losses set.
Don’t trade unless the setup is there for you, then use the charts to tell you when the odds are heavily in your favor. Don’t force anything to work for you, let the setups develop and then take advantage of that. Be patient. Stay in position sizes without letting any intraday trade represent no more than 10-15% of your total account value. As you build your account, your position size percentage should get smaller and smaller to lower your risk.
Have a great day and I’ll talk to you tomorrow.
Mitch King
Contents: stock trading, trading strategies, stock picks, stock market education, stock market investing course and educational stock trading videos.
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Opinions expressed in these reports may change without prior notice. Disclaimer – Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
For more information about How to Buy Stocks please check out how to play the stock market
Stock Market Education
For more information about Stock Market Education please check out how to play the stock market
January 15, 2009 Thursday Evening
The stock market followed the scenario we were looking for, a negative opening, selling in the bank stocks and a substantial rebound in many stocks. This is the first big day of volatility for 5-6 weeks where the market lulled investors into thinking all is well.
The trendlines were broken yesterday and even more today but most stocks should be rebounding up at least a few days as a snap back from an oversold condition. Today was the 7th down day in a row for most stocks in most sectors and the financial sector has the deepest oversold stock charts. The major bank money centers have the best opportunities for gains in long positions. They have the ideal parabolic curve downward with increasing volume….. stocks like WFC, Wells Fargo and BAC, Bank of America.
The ag-chemical stocks MOS, MON, AGU and POT had nice drop and big pops today that should carry over at least into tomorrow on the upside for a nice profit. AGU had a 10% rebound from today’s bottom and the $29.25 buy only gave a 40 cent profit but the $29.40 buy on the second helping at 9:40am was the big move of over 10% in the following 2 hours. This could easily move up $2-$3 a share tomorrow which it would be prudent to take those profits before the weekend. The same buy program moved MOS in a similar pattern and this had a 13% move off the bottom and could move up another $2 as well. MON, Monsanto was more erratic giving $2 on the first attempt and $2 on the second.
The question always becomes whether to scalp these highly volatile days or focus on buy entry points for gradual purchases for a swing trade that last for days. I mentioned on the video last night that the money is in the swing trade as opposed to the intraday trades with stock patterns like we have in the financials.
With this evening’s headlines like “Congress clears way for second half of bailout” and BAC, “Bank of America gets another $20 billion” should result in an up day tomorrow, especially with the financials. WFC and BAC are the best ideas in this sector and note trading volume in BAC was over twice as high as Tuesdays at 552 million shares traded. This really sets up a strong rebound in these two stocks. C, Citigroup is a different animal that has multiple problems and even though this has the same chart pattern, WFC and BAC are lower risk.
Oil prices had a new 4 year low of $33.20 today and so far I am wrong about oil. I don’t usually hold onto an idea because of stubbornness of inflexibility but I am still in the camp that oil will have substantial rebounds and provide substantial profits over months. Many of the oil stocks rebounded today in spite of oil prices dropping. REPEAT: This sector has the highest probability odds of making money on the LONG side from at this price point.
Intermediate Trade Positions: New ideas: WFC, Wells Fargo. Also see note above. Excellent chart and excellent buy point tomorrow if not purchased today. Fill complete position size on WFC tomorrow.
RIMM, Research in Motion hit higher high today, which is one of the few stocks that moved like this. It didn’t drop at all and moved up 9% today. This is normally a good sign for the coming weeks to be so strong in a down market. Probable cause for big move is AAPL news of Jobs off duty for 5 months.
Swing Trades: New ideas: BNI, Burlington Northern had a decent move upward off the bottom today by 8.5% and the strategy here is to let it bounce for a couple of days to recover losses if you didn’t have a stop on this. OR you take more of a Hail Mary pass and hang onto it for some weeks or possibly months looking for a longer term recovery.
RMBS, Rambus. Got a rebound off bottom $7.75. This might pullback tomorrow morning in which could be a good bounce for a swing long. Fasten seatbelts because this is an erratic stock but should move up
Day Traders/Intraday stock ideas: AAPL moved about as expected. This could be a shallow drop and big slow pop tomorrow.
Monitor the usual stocks of FSLR, RIMM, AMZN for drop and pops or there probably wont be much of a drop, just a slight gap up and then pop, so we can call that a gap and pop, lol.
NOTES: This is not a good time to do much shorting, not even during intraday trades. When the market presents a good time to short don’t be intimidating selling short when a good sell signal arises. Start with extra small positions until you learn how to read the charts and build your confidence.
When I list several stocks from the same sector, like the housing industry for example, don’t short all of them unless you are well diversified and it represents a small percentage of your total stock account (in that same account).
REPEAT: Keep an eye out for biotechs; they are building momentum and often do well in January.
| Ticker Symbol | Type | Notes | Purchase Date | Open Price | Target Price |
| HWAY, Healthways | LONG- INT | Sold at open $11.50, 1-7-09; Hold | 12-29-08 | 11.04 | 14-15 |
| VRX, Valeant Pharm | LONG-INT | Stopped 1-15-09 $21.6 | 12-29-08 | 22 | ? |
| K, Kellog | LONG-INT | Sold 45.09, 1-6-09; hold | 1-14-09 | 43.33 | 47 |
| IBM, Int’l Bus. Mach | LONG-INT | Sold 87.70, 1-6-09; hold | 1-8-09 | 86.14 | 92 |
| LLL, Level 3 | LONG-INT | Hold | 1-13-09 | 77.92 | |
| USO, US Oil Fund ETF | LONG-INT | Sold 38.36, 1-6-09; No worries | 1-8-09 | 32.00 | 50-55 |
| COP, Conoco Phillip | LONG-INT | Sold 56.53, 1-6-09; No worries | 1-8-09 | 53 | 58-59 |
| BP, British Petrol. | LONG-INT | Sold 48.89, 1-6-09; Fill position | 1-8-09 | 48.33 | 51 |
| FXI, Xinhua 25 ETF | LONG-SWI | Should reach $29 next 2 weeks | 1-15-09 | 25.25 | 29 |
| PTR, PetroChina | LONG-INT | Bought today; hold | 1-15-09 | 78 | 92-93 |
| PLD, Prologis | SHORT-INT | Covered at $11.50, DELETE | 1-12-09 | 13.75 | |
| DHI, D.R. Horton | SHORT-SWI | Looking good; bumpy ride coming | 1-7-09 | 7.84 | |
| TOL, Toll Brothers | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 21.86 | |
| KBH, KB Homes | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 14.90 | |
| PHM, Pulte Homes | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 12.42 | |
| LEN, Lennar | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 10.86 | |
| HOTT, Hot Apparel | LONG-INT | Good recovery. | 1-8-09 | 8.71 | |
| AGU, Agrium | LONG-SWI | Sold 38.42, 1-6-09; see notes above | 1-5-09 | 36.91 | |
| FRPT, Force Protect | LONG-INT | Strong so far; stopped 6.25. | 1-5-09 | 6.40 | |
| AFFX, Affymetrix | LONG-INT | Still hold;. | 1-6-09 | 3.18 | 4.50 |
| MDR, McDermott, | LONG-INT | hold | 1-15-09 | ||
| FCX, Freeport Mc | LONG-SWI | Change to swing trade | 1-14-09 | 24 | |
| MOS, Mosaic | LONG-INT | Hold | 1-9-09 | 40.37 | |
| DE, John Deere | LONG-INT | Hold; don’t buy more. | 1-12-09 | 45.19 | |
| XME, Metal/MngETF | LONG-INT | Careful, set close stop loss | 1-13-09 | 26.14 | |
| BNI, Burlington | LONG-SWI | Excellent buy point if you don’t own | 1-12-09 | 10.15 | |
| XTO, XTO Energy | LONG-INT | Hold | 1-13-09 | 35.79 | 43-44 |
| APC, Anadarko Petr | LONG-INT | Hold | 1-13-09 | 39.55 | 47-48 |
| MO, Altria Group | LONG-INT | MO ignoring market, hold. 8.3% dividend | 1-13-09 | 16.02 | |
| SRS, Short Real Est | LONG-INT | Sold at $74 on rebound early. | 1-14-09 | 65.32 | 80-85 |
| GS, Goldman Sachs | LONG-SWI | Looks anemic; hold. | 1-14-09 | 75.88 | |
| PXJ, Oil Services ETF | LONG-INT | Good rebound off bottom, hold. | 1-15-09 | 10.50 | |
| C, Citibank | |||||
SWI (SWING): 2-7 days INT: Intermediate term position 8 days to several months. Open Price: price paid on opening long position or price sold on short position. Bold notes on table above represent changes from previous day.
Thoughts: Best odds only, be decisive, aggressive, mentally flexible, stay in position size, don’t overtrade and wait a little longer to buy and wait a little longer to sell. You will find that will make you more money on your trades. Trade what you see, not what you hope for. Intermediate trades are really important to have trailing stop losses set.
Don’t trade unless the setup is there for you, then use the charts to tell you when the odds are heavily in your favor. Don’t force anything to work for you, let the setups develop and then take advantage of that. Be patient. Stay in position sizes without letting any intraday trade represent no more than 10-15% of your total account value. As you build your account, your position size percentage should get smaller and smaller to lower your risk.
Have a great day and I’ll talk to you tomorrow.
Mitch King
Contents: stock trading, trading strategies, stock picks, stock market education, stock market investing course and educational stock trading videos.
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Opinions expressed in these reports may change without prior notice. Disclaimer – Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
For more information about Stock Market Education please check out how to play the stock market
How to Read Stock Charts
For more information about how to read stock charts please check out Selling Short
January 14, 2009 Wednesday Evening
The stock market got whacked today on renewed banking concerns, awful December retail sales and a Northern attack on Israel. About 95% of the S&P 500 stocks were down today and it looks like we are going to carry over to a negative opening with the AAPL news. Steve Jobs announced he will step down to take care of health concerns until June after stating a couple of weeks ago his health was a hormone imbalance problem.
The trendlines we have talked about the last couple of nights are damaged and no doubt some of your stop losses were activated but my best guess is that Wall Street is over-reacting with a little of the “Chicken Little” syndrome. The charts with the trendlines would be “picture perfect” if the stocks moved up off that trendline but it doesn’t have to follow that exactly.
The banking stock charts we discussed last night were definitely warning of the problems with banks but we should have a really good opportunity with these on the LONG side very soon, probably tomorrow for some buying in BAC, Bank of America. Ideally, we want to see increasing volume and accelerated drop in price as the ideal set-up for a catapulting rise like we have seen 4-5 times the first one being July 16, 2008.
BAC’s volume was not higher than yesterday’s but still high. Volume could increase tomorrow if it goes down below $10 and limit orders get triggered. Wait and see if the price drops below $10 and see if stock falls faster. Then that would be a good time to start buying gradually. The fact that a headline came out that BAC may have to go to TARP for more funds.
We are going to have an excellent opportunity to buy financial stocks the next two days, probably tomorrow is the best day.
Oil prices went down to a low of $35.52 today and rebounded to close at $37.38 per barrel but don’t worry about any oil stocks you hold like USO, BP, COP or even PTR. This sector has the highest probability odds of making money on the LONG side from at this price point. (It’s all about price, right?). REPEAT from two nights ago: Oil prices should shoot up like a slingshot out of this bottom.
Intermediate Trade Positions: New ideas: USO, US Oil Fund ETF is not new to us but is worthy to be noted again as an excellent intermediate term entry here at these prices.
PXJ, Oil Services ETF is a low priced fund at $10.84 on oil services, which usually lags the oil stock ETFs but is worth a small position LONG.
Swing Trades: New ideas: Excellent idea with a LONG position of BAC, Bank of America tomorrow. The stock will likely open down tomorrow and likely drop below $10 as limit orders get triggered as it moves down through $10..….see notes above.
Change to a LONG-Swing trade: BNI, Burlington Northern should have a nice rebound starting the next few days, probably tomorrow. This is a good opportunity to use stock options by buying long a March or April 65 Call. Use small dollar amounts.
Change to LONG-Swing trade: WFC, Wells Fargo chart looks like an excellent long swing trade. Both BAC and WFC could easily have a 20% swing to the upside from here, probably more.
Watch GE closely tomorrow and see if you can get a buy signal on a 5 and 15 minute chart. This isn’t a high profit stock because it doesn’t usually move much compared to others but it should have the same type of trading action and pattern as BAC and WFC.
C, Citigroup is also looking the same as the other banking charts we have discussed.
PTR, Petro China is looking very interesting to buy long.
FXI, China Xinhua 25 also looks interesting. Both FXI and PTR have been noted to DELETE but should be added back in because of the chart patterns.
Day Traders/Intraday stock ideas: AAPL is going to gap down $7-8 on the Steve Jobs news he is on leave for medical reasons. Let the margin limit orders, and market orders get filled on the sell-off and all the brokerage firms should have their downgrades tomorrow morning before the regular market opening, driving the stock down further. You see, analysts have to get consensus and approval within their firm to put a “sell” rating on it, just in time to see the bottom before it immediately moves up after the downgrade gets issued. Typical for analysts and the system.
Consider buying AAPL long on a 5 minute chart or a 15 minute if you want to be sure it is going up. Don’t use a 1 minute or 3 min chart on this tomorrow for decision making.
NOTES: This is not a good time to do much shorting, not even during intraday trades. When the market presents a good time to short don’t be intimidating selling short when a good sell signal arises. Start with extra small positions until you learn how to read the charts and build your confidence.
When I list several stocks from the same sector, like the housing industry for example, don’t short all of them unless you are well diversified and it represents a small percentage of your total stock account (in that same account).
REPEAT: Keep an eye out for biotechs; they are building momentum and often do well in January.
| Ticker Symbol | Type | Notes | Purchase Date | Open Price | Target Price |
| HWAY, Healthways | LONG- INT | Sold at open $11.50, 1-7-09; Hold | 12-29-08 | 11.04 | 14-15 |
| VRX, Valeant Pharm | LONG-INT | Sold 22.80, 1-6-09; Buy a little. | 12-29-08 | 22 | ? |
| K, Kellog | LONG-INT | Sold 45.09, 1-6-09; hold | 1-14-09 | 43.33 | 47 |
| IBM, Int’l Bus. Mach | LONG-INT | Sold 87.70, 1-6-09; hold | 1-8-09 | 86.14 | 92 |
| LLL, Level 3 | LONG-INT | Acting strong in down market. | 1-13-09 | 77.92 | |
| USO, US Oil Fund ETF | LONG-INT | Sold 38.36, 1-6-09; No worries | 1-8-09 | 32.00 | 50-55 |
| COP, Conoco Phillip | LONG-INT | Sold 56.53, 1-6-09; No worries | 1-8-09 | 53 | 58-59 |
| BP, British Petrol. | LONG-INT | Sold 48.89, 1-6-09; Fill position | 1-8-09 | 48.33 | 51 |
| FXI, Xinhua 25 ETF | LONG-SWI | Sold @ $31.69, 1-6-09. Buy a little | 1-15-09 | 30 | 40 |
| PTR, PetroChina | LONG-INT | Should bounce, hold | 1-2-09 | 92.84 | 102+ |
| PLD, Prologis | SHORT-INT | Looking good; hold short | 1-12-09 | 13.75 | |
| DHI, D.R. Horton | SHORT-SWI | Looking good; bumpy ride coming | 1-7-09 | 7.84 | |
| TOL, Toll Brothers | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 21.86 | |
| KBH, KB Homes | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 14.90 | |
| PHM, Pulte Homes | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 12.42 | |
| LEN, Lennar | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 10.86 | |
| HOTT, Hot Apparel | LONG-INT | Still ok but watch closely with $8.01 stop | 1-8-09 | 8.71 | |
| AGU, Agrium | LONG-SWI | Sold 38.42, 1-6-09; Buy a little more | 1-5-09 | 36.91 | |
| FRPT, Force Protect | LONG-INT | Strong so far; UP 10% today, hold. | 1-5-09 | 6.40 | |
| AFFX, Affymetrix | LONG-INT | Still hold; looking good. | 1-6-09 | 3.18 | 4.50 |
| MDR, McDermott, | LONG-INT | Buy a little tomorrow | 1-15-09 | ||
| FCX, Freeport Mc | LONG-SWI | Change to swing trade | 1-14-09 | 24 | |
| MOS, Mosaic | LONG-INT | Hold | 1-9-09 | 40.37 | |
| DE, John Deere | LONG-INT | Hold; don’t buy more. | 1-12-09 | 45.19 | |
| XME, Metal/MngETF | LONG-INT | Careful, set close stop loss | 1-13-09 | 26.14 | |
| BNI, Burlington | LONG-SWI | Excellent buy point if you don’t own | 1-12-09 | ||
| BG, Bunge | LONG-INT | Stopped 43.40. | 1-12-09 | ||
| XTO, XTO Energy | LONG-INT | Don’t worry on oil; Hold | 1-13-09 | 35.79 | 43-44 |
| APC, Anadarko Petr | LONG-INT | Don’t worry on oil; Hold | 1-13-09 | 39.55 | 47-48 |
| MO, Altria Group | LONG-INT | Hold; 8.3% dividend | 1-13-09 | 16.02 | |
| SRS, Short Real Est | LONG-INT | Going to be a bumpy ride but uptrend | 1-14-09 | 65.32 | 80-85 |
| GS, Goldman Sachs | LONG-SWI | Hold; should bounce with banks. | 1-14-09 | 75.88 | |
SWI (SWING): 2-7 days INT: Intermediate term position 8 days to several months. Open Price: price paid on opening long position or price sold on short position. Bold notes on table above represent changes from previous day.
Thoughts: Best odds only, be decisive, aggressive, mentally flexible, stay in position size, don’t overtrade and wait a little longer to buy and wait a little longer to sell. You will find that will make you more money on your trades. Trade what you see, not what you hope for. Intermediate trades are really important to have trailing stop losses set.
Don’t trade unless the setup is there for you, then use the charts to tell you when the odds are heavily in your favor. Don’t force anything to work for you, let the setups develop and then take advantage of that. Be patient. Stay in position sizes without letting any intraday trade represent no more than 10-15% of your total account value. As you build your account, your position size percentage should get smaller and smaller to lower your risk.
Have a great day and I’ll talk to you tomorrow.
Mitch King
Contents: stock trading, trading strategies, stock picks, stock market education, stock market investing course and educational stock trading videos.
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Opinions expressed in these reports may change without prior notice. Disclaimer – Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
For more information about how to read stock charts please check out Selling Short
Stock Charts
For more information about Stock Charts please check out How to Buy Stocks
January 13, 2009 Tuesday Evening
The stock market indices were still lackluster in activity today with slightly higher volume but at least the S&P and Nasdaq Composite did stop going down for the most part and the Dow 30 was only down 25 points. The market is likely going to try to move upward to a higher high but may start out in a sideways direction for a couple days first. As with any forecast, I always watch to see how the market acts and compare it with the highest probability forecast or scenario and then make strategy changes accordingly.
An interesting development to watch for is the money center banks, BAC-Bank of America, C-Citigroup, WFC-Wells Fargo and JPM-JP Morgan have been selling off with some very negative charts. JPM and WFC did rebound today and BAC is most interesting to watch for a potential bounce. BAC is at a critical point now that it is at $10.65 at the close today and could drop below the $10 price it reached on the November 21, 2008 low.
If BAC drops below that number, its best to get out of the way and let it keep dropping and then look for higher and higher volume as one of the signs that coincide with a high probability entry point LONG. This stock could break below $10 tomorrow and if the volume is going to be greater than today’s 242 million shares traded and it is sharply going down then that is the time to pay close attention for a buy signal. This will be a swing trade on the long side. Our discipline of trading strategies is not to short this late in a chart that has fallen like this. Also watch WFC and JPM as parallel stocks.
Look at GE, General Electric today and note the trend in the daily chart. With GE spiking down, credit fears could be re-surfacing again and the banking stocks are signaling it first. GE isn’t a trade idea yet but is worth noting.
Oil prices went down to a low of $36.10 today and rebounded to close at $38.60 per barrel. This sector has the highest probability odds of making money on the LONG side from at this price point. (It’s all about price, right?). REPEAT from last night: Oil prices should shoot up like a slingshot out of this bottom.
Natural gas prices hit new lows today and isn’t linked perfectly to oil prices.
Intermediate Trade Positions: New ideas: GS, Goldman Sachs hit a low of $73.71 today and rebounded to $73.92 at the close. This was the kind of rebound that we were looking for in many stocks on the report last night. Like many stocks that we have reviewed are on the same type of trendline, we are looking for this to have higher highs and continue to follow the trend in the last 5 weeks.
BNI, Burlington Northern continued dropping today and sharply today and this is when you are thankful you set stop losses. There are a couple of ways you set stop losses. One is at the support line and on this stock is about $68.50 or you take at the most 1/3rd of the difference between the target price and the current price. So if the target was, let’s say $76 and you bought it for $70, then you take 1/3 of $6 and you have $2 and that is the dollar amount you are willing to lose. So $68 is the stop loss.
Swing Trades: New ideas: Buy BAC, Bank of America in gradual increments, very small at first and increase next order as price continues dropping.….see notes above.
Day Traders/Intraday stock ideas: AAPL and RIMM are the only stocks that worked today. The volatility in stocks is so low that this technique is not working well. Continue monitoring the NASDAQ stocks FSLR
NOTES: This is not a good time to do much shorting, not even during intraday trades. When the market presents a good time to short don’t be intimidating selling short when a good sell signal arises. Start with extra small positions until you learn how to read the charts and build your confidence.
When I list several stocks from the same sector, like the housing industry for example, don’t short all of them unless you are well diversified and it represents a small percentage of your total stock account (in that same account).
REPEAT: Keep an eye out for biotechs; they are building momentum and often do well in January.
| Ticker Symbol | Type | Notes | Purchase Date | Open Price | Target Price |
| HWAY, Healthways | LONG- INT | Sold at open $11.50, 1-7-09; Nice move | 12-29-08 | 11.04 | 14-15 |
| VRX, Valeant Pharm | LONG-INT | Sold 22.80, 1-6-09; Wait for confirm. | 12-29-08 | 22 | ? |
| K, Kellog | LONG-INT | Sold 45.09, 1-6-09; buy a little | 12-29-08 | 42.39 | 47 |
| IBM, Int’l Bus. Mach | LONG-INT | Sold 87.70, 1-6-09; fill long position | 1-8-09 | 86.14 | 92 |
| UTX, United Technologies | LONG-INT | Sold 54.60, 1-6-09. DELETE | 12-29-08 | 50.92 | 55 |
| LLL, Level 3 | LONG-INT | Start buying tomorrow, 1-13-09 | 1-13-09 | ||
| USO, US Oil Fund ETF | LONG-INT | Sold 38.36, 1-6-09; Looking good | 1-8-09 | 32.00 | 50-55 |
| COP, Conoco Phillip | LONG-INT | Sold 56.53, 1-6-09; Looking good | 1-8-09 | 53 | 58-59 |
| BP, British Petrol. | LONG-INT | Sold 48.89, 1-6-09; hold | 1-8-09 | 48.33 | 51 |
| RMBS, Rambus | SHORT-INT | Ironic this drops 45% Friday on bad news | DELETE | ||
| FXI, Xinhua 25 ETF | LONG-SWI | Sold @ $31.69, 1-6-09. DELETE | DELETE | 30 | 40 |
| PTR, PetroChina | LONG-INT | Fill complete position; should bounce | 1-2-09 | 92.84 | 102+ |
| PLD, Prologis | SHORT-INT | Top signal, fast MA turning down. | Start short | ||
| DHI, D.R. Horton | SHORT-SWI | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 7.84 | |
| TOL, Toll Brothers | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 21.86 | |
| KBH, KB Homes | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 14.90 | |
| PHM, Pulte Homes | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 12.42 | |
| LEN, Lennar | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 10.86 | |
| CNO, Conseco | LONG-INT | Breaking down; looks bad. | DELETE | 4.15 | 5-6 |
| HOTT, Hot Apparel | LONG-INT | Bot too early but still hold. | 1-8-09 | 8.71 | |
| AGU, Agrium | LONG-SWI | Sold 38.42, 1-6-09; start buying | 1-5-09 | 36.91 | |
| FRPT, Force Protect | LONG-INT | Strong so far; UP 10% today, hold. | 1-5-09 | 6.40 | |
| AFFX, Affymetrix | LONG-INT | Looking good. | 1-6-09 | 3.18 | 4.50 |
| MDR, McDermott, | LONG-INT | Holding trendline | Wait & watch | ||
| FCX, Freeport Mc | LONG-INT | Buy a little long; good entry point here. | |||
| SCHN, Schnitzer Stl | LONG-INT | Stopped @ 36. DELETE | 1-13-09 | 34.11 | |
| MOS, Mosaic | LONG-INT | Trying to follow trendline. | 1-9-09 | 40.37 | |
| CAT, Catepillar | LONG-INT | Stopped @ $43. DELETE | 1-9-2009 | 43.91 | |
| DE, John Deere | LONG-INT | Buy a little LONG. | 1-12-09 | 45.19 | |
| XME, Metal/MngETF | LONG-INT | Start buying a little gradually. | 1-13-09 | 26.14 | |
| BNI, Burlington | LONG-SWI | Very negative; let it rebound to sell | 1-12-09 | ||
| BG, Bunge | LONG-INT | Turning down; peak | 1-12-09 | ||
| XTO, XTO Energy | LONG-INT | Bought long today at open; nice uptrend | 1-13-09 | 35.79 | 43-44 |
| APC, Anadarko Petr | LONG-INT | Bought long today at open; nice uptrend | 1-13-09 | 39.55 | 47-48 |
| MO, Altria Group | LONG-INT | Bought little at open; 8.3% dividend | 1-13-09 | 16.02 | |
| SRS, Short Real Est | LONG-INT | Set alarm at $56; let mkt rebound first | Wait & Watch | ||
SWI (SWING): 2-7 days INT: Intermediate term position 8 days to several months. Open Price: price paid on opening long position or price sold on short position. Bold notes on table above represent changes from previous day.
Thoughts: Best odds only, be decisive, aggressive, mentally flexible, stay in position size, don’t overtrade and wait a little longer to buy and wait a little longer to sell. You will find that will make you more money on your trades. Trade what you see, not what you hope for. Intermediate trades are really important to have trailing stop losses set.
Don’t trade unless the setup is there for you, then use the charts to tell you when the odds are heavily in your favor. Don’t force anything to work for you, let the setups develop and then take advantage of that. Be patient. Stay in position sizes without letting any intraday trade represent no more than 10-15% of your total account value. As you build your account, your position size percentage should get smaller and smaller to lower your risk.
Have a great day and I’ll talk to you tomorrow.
Mitch King
Contents: stock trading, trading strategies, stock picks, stock market education, stock market investing course and educational stock trading videos.
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Opinions expressed in these reports may change without prior notice. Disclaimer – Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
For more information about Stock Charts please check out How to Buy Stocks
Selling Short
For more information about Selling Short please check out How to Buy Stocks
January 12, 2009 Monday Evening
The stock market was down today for the fourth day in a row or 5 out of the last 6 trading days. Stocks traded with low volume and volatility which caused some stocks to be less liquid than usual. Although investors are likely to get discouraged, we shouldn’t have any problem finding opportunities long or short. We are testing the trend lines with many stocks and breaking below them on some stocks. We are at the point where if another decisive day down tomorrow will trigger off sell signals from a technical aspect by breaking below the trend line support. For the stocks that I bought as early as last Thursday on some oil stocks and others on Friday, this is one time I am willing to ride things out with the forecast that we should start heading back up.
If the market continues has another day or two down, this would be a technical and psychological trigger to change directions trends. And it looks like we are going to have a down opening—Japan is down over 5% tonight
Oil prices went down to $37.55 today from the $50.45 we saw a week ago. This is an extremely high odds sector to buy long at this point. Oil prices should shoot up like a slingshot out of this bottom. The odds of oil stocks and spot prices staying down at this level for long is very low. Note two new oil stocks below.
We should be getting more volatility these next few days and intraday trades should be revisited if you are comfortable with that technique. It is an excellent technique during volatile times as well keeping you sharp on reading charts and executing using signals.
Intermediate Trade Positions: New ideas: Oil stocks XTO, XTO Resources and APC, Anadarko Petroleum are acting strong and would benefit greatly on oil prices moving up. Note that XOM and CVX on the stock list are not as favorable of chart patterns. COP, Conoco Phillips is preferred.
MO, Altria, tobacco and alcohol manufacturer is giving a nice signal on long intermediate trade. Worth a small long position here.
BNI, Burlington Northern dropped on CSX’s below expectation earnings report, another railroad. If you just bought the stock today, consider selling it after a couple days of a bounce. This big drop today is an ominous sign for coming weeks for any stock.
SRS, Proshares Ultrashort Real Estate ETF is spiking up. I forgot to follow-up on this stock and put it on the list from last week. This is moving up as real estate stocks are moving down. Housing stocks are turning over and are likely to continue for some time.
MOS, Mosaic, POT, Potash
Swing Trades: New ideas:
Note that BNI and USO are very good entry points long. These are likely to be intermediate term trades from here but at least a good LONG-SWING trade.
Day Traders/Intraday stock ideas: FSLR, RIMM, AMZN, AAPL, and RMBS are favorites to trade intraday tomorrow and we are likely to see some big bounces after some selling. Look at MOS, XTO and POT as possible intraday stocks as well. Note that these are also on the intermediate trade considerations. The volatility that could occur tomorrow on a reversal after a negative opening won’t be limited to just these but many stocks could have a substantial bounce as a reversal is very possible.
NOTES: This is not a good time to do much shorting, not even during intraday trades. When the market presents a good time to short don’t be intimidating selling short when a good sell signal arises. Start with extra small positions until you learn how to read the charts and build your confidence.
When I list several stocks from the same sector, like the housing industry for example, don’t short all of them unless you are well diversified and it represents a small percentage of your total stock account (in that same account).
REPEAT: Keep an eye out for biotechs; they are building momentum and often do well in January.
| Ticker Symbol | Type | Notes | Purchase Date | Open Price | Target Price |
| HWAY, Healthways | LONG- INT | Sold at open $11.50, 1-7-09; Nice move | 12-29-08 | 11.04 | 14-15 |
| VRX, Valeant Pharm | LONG-INT | Sold 22.80, 1-6-09; should move up | 12-29-08 | 22 | ? |
| K, Kellog | LONG-INT | Sold 45.09, 1-6-09; buy a little | 12-29-08 | 42.39 | 47 |
| IBM, Int’l Bus. Mach | LONG-INT | Sold 87.70, 1-6-09; fill long position | 1-8-09 | 86.14 | 92 |
| UTX, United Technologies | LONG-INT | Sold 54.60, 1-6-09. Should move up | 12-29-08 | 50.92 | 55 |
| LLL, Level 3 | LONG-INT | Hardly going down in negative mkt | Buying soon | ||
| USO, US Oil Fund ETF | LONG-INT | Sold 38.36, 1-6-09; BEST IDEA! | 1-8-09 | 32.00 | 50-55 |
| XOM, Exxon Mobile | LONG-INT | Sold 82.14, 1-6-09; Buy COP instead | 12-29-08 | 78.28 | 87-88 |
| CVX, Chevron Texaco | LONG-INT | Sold 77.56, 1-6-09; Buy COP instead | 12-29-08 | 71.25 | 85 |
| COP, Conoco Phillip | LONG-INT | Sold 56.53, 1-6-09; Fill complete pos. | 1-8-09 | 53 | 58-59 |
| BP, British Petrol. | LONG-INT | Sold 48.89, 1-6-09; Bought today | 1-8-09 | 48.33 | 51 |
| RMBS, Rambus | SHORT-INT | Ironic this drops 45% Friday on bad news | DELETE | ||
| FXI, Xinhua 25 ETF | LONG-SWI | Sold @ $31.69, 1-6-09. DANGER! | 1-2-09 | 30 | 40 |
| PTR, PetroChina | LONG-INT | Fill complete position; should bounce | 1-2-09 | 92.84 | 102+ |
| PLD, Prologis | SHORT-INT | Top signal, fast MA turning down. | Start short | ||
| DHI, D.R. Horton | SHORT-SWI | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 7.84 | |
| TOL, Toll Brothers | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 21.86 | |
| KBH, KB Homes | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 14.90 | |
| PHM, Pulte Homes | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 12.42 | |
| LEN, Lennar | SHORT-INT | Buy SRS long; this is Ultrashort realestate | 1-7-09 | 10.86 | |
| CNO, Conseco | LONG-INT | Breaking down; looks bad. | 12-31-08 | 4.15 | 5-6 |
| HOTT, Hot Apparel | LONG-INT | Bot too early but still hold. | 1-8-09 | 8.71 | |
| AGU, Agrium | LONG-SWI | Sold 38.42, 1-6-09; watch POT, MOS | 1-5-09 | 36.91 | |
| FRPT, Force Protect | LONG-INT | Strong so far; hold position. | 1-5-09 | 6.40 | |
| AFFX, Affymetrix | LONG-INT | Still within uptrend | 1-6-09 | 3.18 | 4.50 |
| MDR, McDermott, | LONG-INT | Turning down? | Wait & watch | ||
| FCX, Freeport Mc | LONG-INT | Buy a little long. | |||
| SCHN, Schnitzer Stl | LONG-INT | Stopped @ 36 | 1-8-09 | 36.02 | |
| MOS, Mosaic | LONG-INT | Looking good; worth small position long | 1-9-09 | 40.37 | |
| CAT, Catepillar | LONG-INT | Stopped @ $43 | 1-9-2009 | 43.91 | |
| DE, John Deere | LONG-INT | Little more downside; should rebound | 1-12-09 | 45.19 | |
| XME, Metal/MngETF | LONG-INT | Start buying a little gradually. | |||
| BNI, Burlington | LONG-SWI | Very negative; let it rebound to sell | 1-12-09 | ||
| BG, Bunge | LONG-INT | Turning down; peak | 1-12-09 | ||
SWI (SWING): 2-7 days INT: Intermediate term position 8 days to several months. Open Price: price paid on opening long position or price sold on short position. Bold notes on table above represent changes from previous day.
Thoughts: Best odds only, be decisive, aggressive, mentally flexible, stay in position size, don’t overtrade and wait a little longer to buy and wait a little longer to sell. You will find that will make you more money on your trades. Trade what you see, not what you hope for.
Don’t trade unless the setup is there for you, then use the charts to tell you when the odds are heavily in your favor. Don’t force anything to work for you, let the setups develop and then take advantage of that. Be patient. Stay in position sizes without letting any intraday trade represent no more than 10-15% of your total account value. As you build your account, your position size percentage should get smaller and smaller to lower your risk.
Have a great day and I’ll talk to you tomorrow.
Mitch King
Contents: stock trading, trading strategies, stock picks, stock market education, stock market investing course and educational stock trading videos.
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Opinions expressed in these reports may change without prior notice. Disclaimer – Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
For more information about Selling Short please check out How to Buy Stocks
Stock Market Education
For more tips and information about Stock Market Education please check out the day trading strategies
September 1, 2008, Monday Evening
Hurricane Gustav weakened this weekend and oil dropped from a high of $118.65 to a low of $110.85 and natural gas dropped to a low of $7.40. Clearly this is a breakdown toward a lower level of oil prices and energy stocks are very likely to follow this same trend. The first thing to look for is to see if the stock prices drop decisively below the bottom channel of the trendline on these energy stocks like GDP, XOM, CVX, XTO, and COP. This would tell us that further declines are probably in the near future to lower lows. The substantial rise in energy stock prices that I was looking forward to did not increase near as much as expected, so far. XTO had a range of 25% from bottom to top but most of these energy stocks have been difficult to swing trade.
I am still short MITI, Micromet and on a downtrend. My target price to cover is $5, possibly lower in time.
CRD.B is another short I opened at an average of $14.84 and is starting to turn over. Target price to cover is $12.
I am watching BDSI, Biodelivery Sciences as a developing bullshort. It is a biotech stock and the bullshort trading model has been working well recently. It is just right on the environment, enough speculation in the market and fear to take profits.
I am also watching TAYD, Taylor Devices and STSI, Star Scientific move upward as potential shorts as well.
Take note that ROST, Ross Stores, WMT, Walmart and TGT, Target have had a nice rise in stock price as people have gravitated toward more discounted stores as the economy has softened and person income numbers have decreased.
There is still no clear sign or indication of what the short or intermediate term trend will be for the averages like DJ-30 or Nasdaq Composite.
This week will see a full return of vacationing traders, investors and fund managers and the normal trading volume should continue. The odds favor a sharper decline in stock prices these coming weeks and we should see some excellent opportunities on the upside as rebounds within a bear market trend. If you are patient and disciplined we should have some excellent opportunities appear in all types of trading models we have been using from intraday, swing trades, and bullshorts. I am reluctant to hold positions long in any intermediate trades (1 week to 6 months).
The economic forecasters or analysts in sectors like housing are still quite negative and forecasting longer time periods for rebounds in housing prices after a projected low point in housing prices late 2009. We are continuing to see increasing amount of homebuilders file bankruptcy protection as forecasted with the smaller builders going down first. Some regional builders are also on thin ice as well.
he stocks of national builders, CTX, DHI and KBH have acted well lately and TOL has increased in price 47% since July 15th. Perhaps this is a bottoming in housing stock prices that typically precedes the actual housing market by 6-9 months, a typical timeframe that a stock moves before the actual market it may represent.
I am looking for the ag-chemical companies to drop from here, they represent the commodities in a general way. MOS, MON, AGU and POT.
Financial stocks are also likely to make a general downtrend with lower lows and lower highs but not in a dramatic fashion.
The expectations of rising interest rates by the Federal Reserve have reduced so the fears of FOMC raising rates have calmed.
Keep your discipline with stop losses and build position sizes that are relatively small.
Have a great day.
Mitch King
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Opinions expressed in these reports may change without prior notice.
Disclaimer – Stock investing or trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
Mitch King
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Opinions expressed in these reports may change without prior notice.
Disclaimer – Stock investing or trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
For more tips and information about Stock Market Education please check out the day trading strategies
How to Read Stock Charts
For more tips and information about how to read stock charts please check out the day trading stock picks
August 10, 2008, Sunday Evening
Oil prices dropped again Friday with lower lows and lower highs yet the major oil stocks (CVX, XOM, COP), have started moving up. It is common to see stocks move up anticipating a future rise in the underlying sector. My anticipation of a move upward in oil stocks has been way too early and it looks like the oil prices could move lower, possibly to the $103-105 per barrel but we should still be seeing some move upward these coming 2-3 months.
The independent oil stocks are acting poorly and there is some concern that this group could go lower before having substantial rises—XTO, ATPG, COG, UNG and GDP.
The Dow had a nice move going higher than previous highs this last 4-5 weeks. The Nasdaq Composite and the QQQQ has made a much more decisive move up, indicating technology stocks have been stronger than the Dow stocks. This uptrend to higher highs is significant and an overall upward trend could continue for weeks if not months.
Some of the largest tech stocks MSFT, INTC, RIMM, and AAPL are examples of a nice move in the Nasdaq tech stocks.
If the market opens down slightly because of the Russian and Georgian war, the clue to look for is if the market ignores the war news and moves up, then this is a very bullish sign. Putin clearly looks like he is on a long term mission and my guess is we will see more of this behavior in the future from Russia.
As far as Iran goes, it seems most likely that this nuclear enrichment issue won’t end diplomatically. Israel must be thinking that if the USA votes in Obama, that its chances of the U.S. supporting any military strike on Iran would be diminished so that the best odds are when Bush is in office. Stay tuned on this issue.
Remember that the market has been on pins and needles just a few short weeks ago and reacted sharply to any negative news. We are now moving into phase where the market is ignoring bad news and will use any sign of good news to spur more buying. All bets are off though if any strike on Iran’s nuclear facilities occur.
JNJ and PFE are strong. JNJ is hitting new 52 week highs which is a healthy sign and the PFE chart looks very strong as well.
The financials may have a hard time moving higher with only MS, Morgan Stanley making a decisive move up.
The Agricultural chemical stocks are still on a path of lower lows and lower highs. Any trades that I would consider in this group will likely be swing trades for 2 or 3 days only.
The dollar is making a move up and is now at 75.85 on the Dollar Index compared to the March 17th low at 70.68. If oil and commodities move up the Dow, Nasdaq Composite and the dollar will reverse.
Keep your discipline with stop losses and position sizes that are relatively small.
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Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Opinions expressed in these reports may change without prior notice.
Disclaimer – Stock investing or trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
For more tips and information about how to read stock charts please check out the day trading stock picks
Stock Charts
For more tips and information about Stock Charts please check out How to be a day trader
July 30, 2008, Wednesday Evening
Today was an excellent follow through with financials continuing up another day. The symbolic signing of the housing bill by President Bush that may help 400,000 homeowners from foreclosing no doubt had a positive effect on the financials. The housing stocks started to move up then fell apart through the day.
What we should be watching closely is how the leading financial stocks act, namely WFC and BAC. If BAC breaks through $35 and moves higher, then this would be very bullish and my thoughts are to stand aside for a day or two and look for any places to short. These would be aggressive type of trades but could give us substantial profits for the short term. James Cramer probably pushed BAC up a little extra because he said BAC is a “fortress bank” and the housing bill that President Bush signed today would benefit it immensely.
WFC isn’t quite as bullish compared to BAC but if WFC moves up through $32.50 tomorrow this would be a very bullish sign and could continue to run up. I don’t see any trade on these two stocks on the long side. Both of these stocks are acting very bullish but it is too late to buy long any financials.
Oil moved up today 3.75% today and we could see several more big price increases like this in oil or maybe a couple of weeks (at the most) of general uptrend in prices. I don’t see oil making new highs above the $146.65 and I doubt oil will even hit $139 per barrel. But we do have the opportunity to make good money in the oil stocks that I’ve been talking about.
My comments have been this last few days that “we should be seeing oil move up within the next few days” and today was day one of this move I have been looking for. I’ve been early a few days but we are looking at least 15-20% moves upward from the bottom on these oil stocks.
These oil stocks are all a hold for days to come, possibly 2-3 weeks holding time but the charts will tell us when we should be selling these long positions. We probably will see a slight pullback in the morning and likely see the resuming of an upward trend. I call it a Nike swoosh that drops a little and has a higher close. This pattern will likely continue in this sector the remainder of this week and next.
XTO, XTO Energy made a decisive move upward from a low of $45.50. First target is $56-57. This might drop down a little in the morning at the open but I am not putting any stop loss on these oil stocks until they start moving up more and then it will be a big trailing stop.
ATPG started moving up with a weaker move up today of 4.98%. It looks like that is starting to build a bottoming process to move higher.
UNG only moved up 2.7% which was disappointing but this is a natural gas stock and that is a byproduct of oil drilling.
GDP had a big move up today of 14.65%. This should continue moving upward but all these oil stocks might pull back down a little before resuming an upward trend.
COG moved up 7.28% today.
The big oil stocks, CVX, BP, COP, and XOM all moved up nicely as well.
CLHB continued up, this is still a hold.
ACOR dropped today more than expected but still within the parameters of being a long. This deserves a little of your money as well.
The ag-chemical stocks (AGU, MON, MOS, POT) moved up nicely the last 3-5 days but I still see this group as lower lows and lower highs and that describes a downtrend. I see the air being let out of that bubble or at least that is what the pattern looks like.
CEDC and TXT are moving up slowly but steadily on the charts. These two could run for some time at a slow pace.
Main point tonight: hold the oil stocks long and watch for potential short in financials if they move up enough.
See you tomorrow night.
NOTE: I have received a few requests for a workshop so if we can get a few people together at my house in West Linn Oregon next Saturday, August 9th for the full day, I have a very comfortable large living room to teach with a LCD projector, sceen and one of my desktop computers. Bring a laptop if you have one and download the software from the brokerage firm you use; I can help you set that up with charts. There are chart set-up instructions with all 5 major online brokerage firms in the member’s area or I can email them to you directly as well. Cost is $399, bring a sack lunch because we live out in the country so driving somewhere to eat is inconvenient. Email me at mitch@tradestocksamerica.com if you can make it.
Mitch King
To Receive Mitch King’s FREE Weekly Wednesday E-letter (you can also forward this link to a friend), please click here:
http://www.TradeStocksAmerica.com/tellafriend.php
If you would like to receive this market commentary, video and written instruction, chart interpretation every day before a market trading day, subscribe to The Daily Stock Report for $59 a month (automatic billing with credit card) by clicking on this link below. Scroll down to the bottom of that page and complete the form.
http://www.tradestocksamerica.com/daily-stock-report.php
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Opinions expressed in these reports may change without prior notice.
Disclaimer – Stock investing or trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
For more tips and information about Stock Charts please check out How to be a day trader
Selling Short
For more tips and information about Selling Short please check out the How to Be a Day Trader
July 22, 2008, Tuesday Evening
The market had a big turnaround today to the upside. Maybe that’s why it is called Turnaround Tuesday. The 20 point drop in AAPL set the tone at first but the buy programs really kicked in during the first hour.
The financials were initially heading down to continue yesterday’s downtrend but all the financials rebounded sharply in the first hour of trading. Stop loss signals were being executed in the first hour on the short positions. WFC, BAC, JPM, LEH, GS ended up anywhere from 5% to 13% for the day. We even saw WB, Wachovia Bank went up from a low of $11.65 to $17.07 high, a 46% rise in the same day!
I don’t think the financials’ stock charts are sustainable. BAC has gone up 81% in the last week from a low of $18.44 to a high of $33.44. I am going to stand on the sidelines because it is way too late to buy long now but will look for an entry point to open a short position that will only be a swing trade again (lasting only a matter of days).
I am seeing today’s action as a clear sign that the market is starting to ignore the continual depressing reports that we were getting about housing, financials stocks’ problems, rising oil prices, housing mortgage problems, economic news and consumer sentiment. I was expecting a pullback from the highs made the last couple of days but the market is powering upward and it looks like the Dow and S&P is heading higher.
My guess is that the drop in oil prices, which has surprised many people, is the likely reason why people are in a forgiving mood and are buying stocks today. I am still looking for a rebound in oil prices only as a reaction to the sharp drop that has occurred this past 2 weeks. Some of that sharp drop will be filled and the 8-9% profit potential in the big oil stocks is still likely. Airline stocks (ALK, LUV, UAUA, DAL) took a big jump today with this drop in oil prices. Stay tuned to this sector because anything could happen but my inclination is to look for a possible short when oil turns around and heads back up.
Even the Chinese stocks (FXI, LFC) are getting some buying as well as the US stocks.
In the last few weeks, we have been bombarded with negative news and comments from various people from analysts, politicians, CEO’s, Federal Reserve Chairman and the US Treasury Secretary. The market environment we were in took every one of these comments seriously which caused stocks to drop. It got to a point where it climaxed last Tuesday into a panicky type of feeling in the market. That is often the maximum point of emotional despair among investors (includes all investors and professional managers) and if you understand when that is happening, it offers an excellent time to buy stocks.
This is why I have said that it takes courage to make a decision to buy when it looks like everyone else is bailing out. Your natural instinct is that you want emotional confirmation that you are doing the right thing but looking at other investors for comfort is the wrong place to look. And when everyone is happy, giving each other high five’s, and lulled into thinking the stock will keep going up, that is the time to sell the stock.
Eventually, as you build experience and skill at understanding what the market is doing, you will be able to concentrate on how stocks are acting, individually or as a sector and then making a plan of action.
The housing stocks all created new legs up which is a technical term describing a significantly higher level of stock prices. All four housing stocks DHI, CTX, KBH and TOL gave stop loss signals today in the first hour of the trading day. They probably continue to move higher and this is now a wait and watch situation. On the sidelines.
I still think we will have a choppy market with a lot of volatility but we could be getting a more established upward run for the coming weeks now. It is the rebound that I was talking about in some of the reports these past two weeks. I still think it is going to be an upward rebound within a bear market trend (downward trend).
VMC moved up today against a short position but it is still within tolerances of a short. If it moves up to $64.50, that would trigger a stop loss on it.
TXT is on a watch list for a candidate for a potential rebound. The indicators aren’t signaling yet but am watching closely.
AAPL had a nice recovery off a $20 loss at the open. A low of $146.53 early in the session with a rebound of $16 to $162.45 at the close. Their forecast was quite negative but that is very typical of the company to forecast that to allow them to beat expectations next quarter. There is some buzz around that Steve Jobs, who is the superhero of Apple, is looking thin and frail and the company said today that this is a private matter.
It isn’t a private matter because this is a publicly traded company nor is this a small issue with Apple because there isn’t a strong second in command to take over if he is unable to lead. It has been his vision that created products like iPod, iPhone as well as strong promotion of their laptops. My guess is the stock drifts lower in the coming weeks. It is a really tough stock to trade because if it turns out he has cancer, AAPl stock will likely have a sharp drop. It isn’t until the 4th quarter when their stock gets to be really bullish again.
CEDC, Central European Distributors are distributors of liquor and alcohol products for human consumption. This looks like a decent entry point if it continues to follow the same pattern it has been on for the last 15 months. This is an intermediate term trade, possibly a long term position (over 12 months). We want this stock to exceed $78 from its current price of $69.25 and continue to make a gradual climb. Stop loss at $66.
The ag-chemical companies (AGU, MOS, POT) appear to be breaking down. These stocks manufacture chemicals used by farmers and fertilizer. The prices in commodities are easing and the crop forecasts are coming in more favorable than the worse case scenarios that analysts were screaming about 2-3 weeks ago. The implication is that the demand for these will be lower as crop estimates become more reliable. We are also toward the end of the growing cycle for the hot commodities like wheat, corn and soybeans.
Can you see how the market over-reacts, which causes stocks to go to big exaggerated swings in price.
Here is a rule that I’ve had for years, which I overlooked again in the financials. Markets tend to go up and down further than you expect. Sounds like it is from Confucius—no it is from Mitch King!
I wanted to show you this stock for education purposes only! Watch MKTY tomorrow. It could really move up and down sharply because it has a small float of only 4.59 mil shares. This means that there aren’t many shares available for trading and a small amount of buying can really move a stock like this as it happened today. It was up 63% today on 387,000 shares traded. Average volume is normally 28,000. The volume includes both buying and selling.
This is a Bullshort pattern that I teach in The Wizard Training Course. If or when you ever short a stock using this technique, start with a very small amount of shares. This is a very advanced technique and don’t try this without really studying this chapter. This chapter alone has 4 hours of video instruction in it and 20 different examples.
Make sure you keep your stop losses set and your position sizes small.
See you tomorrow.
Mitch King
To Receive Mitch King’s FREE Weekly Wednesday E-letter (you can also forward this link to a friend), please click here:
http://www.TradeStocksAmerica.com/tellafriend.php
If you would like to receive this market commentary, video and written instruction, chart interpretation every day before a market trading day, subscribe to The Daily Stock Report for $59 a month (automatic billing with credit card) by clicking on this link below. Scroll down to the bottom of that page and complete the form.
http://www.tradestocksamerica.com/daily-stock-report.php
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Opinions expressed in these reports may change without prior notice.
Disclaimer – Stock investing or trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
For more tips and information about Selling Short please check out the How to Be a Day Trader
Learn Stock Trading
For more tips and information about Learn Stock Trading please check out the Daily Stock Report
July 17, 2008, Thursday Evening
Hello…..
I wanted to clarify the term “Weekly Wednesday.” This is a free report that I send out once a week for people who are interested in previewing this daily newsletter or in making money in the stock market. It is the same report as the Tuesday evening report. I am trying to get this emailed to you as early as possible but it takes me anywhere from 4-6 hours to research and analyze what the current market conditions and then communicate it in a way that is understandable.
I do realize I tend to overcomplicate things and get too technical but I am working on that too. I realize that many of you are on the east coast so it looks like you’ll be reading this in the mornings. I would prefer you read it at night so you can think about it before the market opens and you won’t feel rushed in the morning.
The financials over-reacted today and are likely going to pull back. I bought BAC, Bank of America, in my kids’ trust accounts earlier this week and I probably should have sold BAC stock at the close today. I’ll probably sell tomorrow morning either at the open or after I watch it to see if it runs up more. Either way, a 22.3% gain in a banking stock in one day is unheard of except for buy-outs. Headlines on financial websites said, “….bank’s best day in 16 years.”
The most likely scenario for BAC as well as WFC, Wells Fargo, is that it pulls back possibly for a day or two. It is a very typical reaction to see selling after a big run like this, especially in a badly beaten up stock (especially being a financial stock in this environment).
You probably saw WFC went up 32.7% today after announcing a profit this last quarter, beating analysts’ expectations for earnings by 3 cents per share and not cutting the dividend. But it is probable that this stock sees some selling either at t some point after it runs up to 29-30 or it could sell at the open.
One day of big rises does not solve the financial industry’s problems. And even though this was a big day, it doesn’t change all of the investor’s sentiments from negative to positive so quickly. There should still be some nervousness out there. My best guess is we see a day or two pullback which scares people again, followed by a slower upward trend for a longer period of time but the general trend among all this volatility should still be up for weeks.
I don’t want to try to persuade all of you to become traders but if you have followed this week’s reports I sent you, this is a big percentage profit you have on your hands with today’s action.
The VIX reading of 39 is incorrect. The high today was $28.19 and occurred at the open.
ICE is acting well and still a hold for now. First target price is $105 and my 2nd target is $109-110 a share. I am looking for this to happen the next 2 or 3 weeks.
EBS is acting well, slow but still going up. Holding this.
BMI was a disappointment with hardly any gain and has a very low volume. Shame on me for giving you a stock with that low of volume. Take this off your list if you have not bought it long.
GTLS is still going up although I did start watching this stock late in its run but the chart still looks real good.
ESLR, Evergreen Solar is acting well and the chart looks good too. I am up over 20% on this in the past week. This stock is a solar stock.
I am watching the housing stocks, CTX, DHI and KBH closely for possible short sale. This is an aggressive move but this trade has been working for most of the last 13 months. (I can hear some of you saying “duh” ).
To be interesting as a short, KBH would have to go over $19, DHI at $12.50, and CTX over $14.25. These are not strong recommendations, just potential ideas that I am looking at for myself.
We won’t get the “perfect storm” very often with stocks as we have had in the financials this past week. Most ideas are what I call “bread and butter” money makers that are typically 7%-20% in a few days to a few weeks. Lately, I haven’t felt comfortable with 3 week trades because the volatility has been so high.
I don’t have any new ideas to buy because I am still stuck on the idea of a slight pullback on the market the next couple of days. I’ll have more clarity over the coming weekend what kind of opportunities we may have next week. If oil rebounds upward after this big fall it has had the past week, stocks are going to be going down as oil rises. And oil is likely to have a bounce at some point, even if it is in an overall downtrend.
Have you noticed yet how the stock market has the emotional state similar to a young child? This past week’s headlines were doom and gloom and today all is right with the world. You can make very large sums of money by understanding the psychology of investors and how that affects the markets. I’ll give a long tutorial someday. Oh wait, I have one in The Wizard Training Course! (shameless promotion!).
I say again, learn how to read some basic charts with the indicators set up as I show on the chart set ups with the 5 major brokerage firms. I can email them to you individually if you tell me what firm you use and I will get them posted on the home page sometime next week.
See you tomorrow.
Mitch King
To Receive Mitch King’s FREE Weekly Wednesday E-letter (you can also forward this link to a friend), please click here:
http://www.TradeStocksAmerica.com/tellafriend.php
If you would like to receive this market commentary, video tutorial instruction, chart interpretation every day, subscribe to The Daily Stock Report for $59 a month (automatic billing with credit card) by clicking on this link below. Scroll down to the bottom of that page and complete the form.
http://www.tradestocksamerica.com/daily-stock-report.php
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Opinions expressed in these reports may change without prior notice.
Disclaimer – Stock investing or trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
For more tips and information about Learn Stock Trading please check out the Daily Stock Report
