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