Friday, January 16, 2009

Timid Market

I threw out some stocks today just by looking at the volume of pre-market trading. They were all up in pre-market, so I tossed them up for grabs. Don't panic if they take a few days to crank up. I went this afternoon and checked the technicals on them, and they are solid picks.

AXP will rise and fall with financials. The recent influx of more bailout money will shore that sector up after the sheep have scattered and the hedge funds are through naked shorting. DOW is solid, and at an all time low. It is set for a bounce. LLY is technically ready. PFE is super strong and technically a go also.

I don't want any of you to think I have abandoned the blog, I have just been really busy on an exciting project. I advise, however, that you continue to sort your picks and be in constant review of market conditions.

Stops are a must for capital preservation, and I am going to be going over some tips and tricks for stop settings as well as limit orders for buying.

Have a good one,
Roger

Looks to be a Good Day

The market seems poised for a good run today. Hopefully this will carry over through next week. A slew of recent picks shows four good runners today for you to look at: AXP, DOW, LLY, and PFE judging from the pre-market action.

I'll try to give more insight as the day goes on, but I have been really swamped lately which I guess is a good thing. Don't forget to set stops!

Have a good one,
Roger