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...


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

Source: Daily Online Trading Blog