Picks for January 24, 2008

By Jason Wall - Daily Online Trading Picks

What a great time to be in the market as a bottom seems to have formed. Not sure if it is a long term bottom or a short term bottom, but a bottom nonetheless. Two great reversal candlesticks on the TSX, DOW, and S & P. Also some great volume as the markets rallied big time. The DOW swung about 650 points today from the low to the high...the TSX swung about 500 points.

Wednesday, January 23 Wrap-up:

RIO rallied at the end of the day. If you would have bought on the pull back in the AM at around $24 you would have rode that one up over $27

MOS, MSFT, WMT, and CSCO were all up. EMC has a nice reversal candlestick.

Thursday's BUYS: (if market is up)

RIO - great reversal candlestick...watch this one.

MOS - Mosaic is starting to look attractive again

EMC - watch this stock

CSCO - Cisco has really been hit hard. Watch for a reversal

Thursday's SHORTS: (if market is down)

Would not short any stock right now...very scary to short a stock right now.


Disclaimer: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Our blog located at daily-online-trading.blogspot.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the futures trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. This information may have already been disseminated by our blog. Affiliates of this blog may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

About the Author: Jason Wall owns and runs various web sites and is also a daytrader.

Source: Daily Online Trading Blog

Picks for January 23, 2008

By Jason Wall - Daily Online Trading Picks

With the volatility in the marketplace right now I have been trying to stay out of the marketplace, but the market is just so low and oversold right now, that it is hard not to get in, if nothing else for the long term.

January 3 Wrap-up:

Since I traded last, the stock market and pretty much all stocks have been tanking.

Wednesday's BUYS: (if market is up)

RIO - been watching this one. It may pull back in the morning and create a great opportunity at around $25.00

MOS - Mosaic is starting to look attractive again

MSFT - watch this stock

WMT - watch this stock

EMC - watch this stock

CSCO - Cisco has really been hit hard. Watch for a reversal

Wednesday's SHORTS: (if market is down)

MOT - Motorola may be a good short today

GGB - watch this one

LCC - US Airways -watch this one

Good trading to everyone...


Disclaimer: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Our blog located at daily-online-trading.blogspot.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the futures trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. This information may have already been disseminated by our blog. Affiliates of this blog may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

About the Author: Jason Wall owns and runs various web sites and is also a daytrader.

Source: Daily Online Trading Blog

Picks for January 4, 2008

By Jason Wall - Daily Online Trading Picks

Been slacking a little bit with the holidays, but promise starting January 14th, I will be back full time to the day trading. I will try to post every day next week, but can't promise.

Dec 20 Wrap-up:

Uranium stocks are again picking up momentum. Not sure if they will continue the ride or pull back again. Keep watching your candlesticks.

WNR did in fact pull back again and has double bottomed. It will be interesting if it goes below it's 52 week low. This would have been a good short when I called it last week.

Friday's BUYS: (if market is up)

UUU.TO looks to have broken some support and ready make a break out
WDC - watch this one. It currently has a bullish reversal candlestick and has bounced off an uptrend so this one should be ready to go back up. Tomorrow is important to watch for a confirm candlestick.
TIM.TO - one more down day on this one. Maybe put an alert for around $18.00. Might be a good entry point as it will bounce off an uptrend and will hit the 20 day moving average.

Generally strong sectors are oil, uranium, mining, gold, potash.

Friday's SHORTS: (if market is down)

I will just mention some general short sectors... Financial, chip stocks

Good trading to everyone...


Disclaimer: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Our blog located at daily-online-trading.blogspot.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the futures trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. This information may have already been disseminated by our blog. Affiliates of this blog may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

About the Author: Jason Wall owns and runs various web sites and is also a daytrader.

Source: Daily Online Trading Blog

Picks for December 20, 2007

By Jason Wall - Daily Online Trading Picks

Wednesday's Wrap-up:

Most of the stocks from Wednesday were up big. ASX.VN was up 22% and DIT.VN was up 18%. UUU.TO was up only .09, but still closed over it's open today, so there should be a Buy signal on that one today. TIM.TO was halted at the end of the day after a huge run up with about an hour left in the day, so there is news pending right now. Not sure if it is good or bad news.

Thursday's BUYS: (if market is up)

The commodity stocks should again be strong on Thursday.
Ones I am watching: UUU.TO, MGA.TO, TIM.TO, CCO.TO, DML.TO, TVC.VN

Heads up: With Options expiring on Friday, be careful on your swing trades. Wednesday and Thursday should be up days, but Friday...who knows. Friday could be volatile.


Wednesday's SHORTS: (if market is down)

WNR - should still play below the 20 DMA. As long as it stays below the 20 DMA a short sale would be a good risk / reward.

That's it for now...

Good trading to everyone...


Disclaimer: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Our blog located at daily-online-trading.blogspot.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the futures trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. This information may have already been disseminated by our blog. Affiliates of this blog may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

About the Author: Jason Wall owns and runs various web sites and is also a daytrader.

Source: Daily Online Trading Blog

Picks for December 19, 2007

By Jason Wall - Daily Online Trading Picks

Tuesday's Wrap-up:

TIM.TO - bounced off of 17.00 and then tanked. A short at $17.00 would have been good. A cover at $16.00 would have left money on the table if daytrade, but swing trade would have been nice.

Wednesday's BUYS: (if market is up)

UUU.TO - looks like this stock has some stability the past two days. Might be a good play if the market is up on Wednesday.

ASX.VN - Nice possible reversal. Penny stock, but has some good potential in the next two days.

TVC.VN - This stock had a nice pop at the end of the day. Might be nice day trade.

DIT.VN - (penny stock), but has potential right now for swing trade.

Many of the commodity stocks are over sold and might be a good day trade or swing trade.

Heads up: With Options expiring on Friday, be careful on your swing trades. Wednesday and Thursday should be up days, but Friday...who knows. Friday could be volatile.


Wednesday's SHORTS:

TIM.TO - something is happening with TIM so cover the shorts on this one if you have them.

Financial's like CFC (Countrywide Financials) are looking weak

ODP (Office Depot) another weak looking stock.




That's it for now...

Good trading to everyone...


Disclaimer: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Our blog located at daily-online-trading.blogspot.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the futures trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. This information may have already been disseminated by our blog. Affiliates of this blog may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

About the Author: Jason Wall owns and runs various web sites and is also a daytrader.

Source: Daily Online Trading Blog

Picks for December 18, 2007

By Jason Wall - Daily Online Trading Picks

Wrap-up:

I have been off from trading for a couple of days, but am back.

Tuesday's BUYS:

TIM.TO - could get into TIM.TO at Open or if it pulls back a wee bit right away in AM. $17.00 is a big resistance level so wise to sell at $17.00. Risky to hold it if it pulls back from $17.00. Odds are that it will bounce off of $17.00 and pull back

Uranium stocks are really pulling back so would not be playing these right now, unless consider a swing trade.


Tuesday's SHORTS:

TIM.TO - May sound funny, but once TIM.TO hits $17.00, it may be a good short. May be smart to cover at $16.00 if daytrading. I don't like keeping a short over night, but this could be a nice short swing trade, just be careful.

Airlines: Because of the high oil prices, these maybe a good short today. Just don't short Westjet Airlines.

That's it for now...

Good trading to everyone...


Disclaimer: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Our blog located at daily-online-trading.blogspot.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the futures trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. This information may have already been disseminated by our blog. Affiliates of this blog may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

About the Author: Jason Wall owns and runs various web sites and is also a daytrader.

Source: Daily Online Trading Blog

Picks for December 12, 2007

By Jason Wall - Daily Online Trading Picks

Tuesday Wrap-up:

Uranium stocks were up nice during the day...that is until the Fed came out with their "decision". After that, not too many stocks held up very well. That is except for UUU.TO. Uranium One closed 2% higher...that was incredible. I think all on comments from Raymond James that the target for UUU.TO is $16.00. With UUU.TO trading at just over 9.00 the risk/reward is pretty good.

Wednesday's BUYS:

URANIUM STOCKS - I am still on board for some swing trades on Uranium stocks. The following are uranium stocks that I am tracking:

UUU.TO, DML.TO (DNN), MGA.TO, PNP.TO, USU, CCO.TO (CCJ)


Wednesday's SHORTS:

Financials: In general, today only for now, financial stocks might be a good short play.

CFC (Countrywide Financial)

Airlines: Because of the high oil prices, these maybe a good short today. Just don't short Westjet Airlines.

Remember, shorts would be daytrade only...

That's it for now...

Good trading to everyone...


Disclaimer: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Our blog located at daily-online-trading.blogspot.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the futures trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. This information may have already been disseminated by our blog. Affiliates of this blog may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

About the Author: Jason Wall owns and runs various web sites and is also a daytrader.

Source: Daily Online Trading Blog