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...


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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