Rad Oil
29 Mar the Daily Stock Report
The stock market had an average down day with the Nasdaq Composite down the most at -2.6% but it has gone up the most. The S&P-500 dropped 2% and the Dow30 down 1.87% on Friday. The market is set up to open down tomorrow with the Asian markets down over 2% so far and the financial news headlines are clearly negative.
The Obama Administration forced out Wagoner at GM, General Motors as the government control taking a clear step away from capitalism but with the government is the biggest contributor of funding to GM.
The Treasury Secretary Geither has been on the talk show circuit lately to talk up the optimism of the government's prospects for rebuilding the economy and today's appearance on ABC's "This Week" debatably could be interpreted as a slight positive for the banks for Monday's opening.
The most likely scenario is a shallow pullback that may have started Friday and if we get several down days with a couple of them starting to scare investors again, then it could be we have more than a shallow pullback.
My current thinking is that we get this shallow pullback over this week or two which would give some of those who are still short banks to cover their short positions, followed by some fairly aggressive buying to higher highs than we have seen last week.
In anticipation of a continuation of this rally that started two weeks ago, we are preparing a collection of stocks that are considerations for long-intermediate term positions that evaluated both on technical, trading action and with some fundamental considerations. These are only to be watched in anticipation of what might be another move up in the market that could start up as early as next week but these stocks are not ready to buy yet. Just start studying and watching them.
Breaking news 936pm Pacific time: About 10 minutes ago, an AP article headlined "Obama denies bailout funds for automakers" was released with the article explaining that neither GM or Chrysler has submitted an acceptable plan to receive more bailout money. The Asian markets have reacted immediately with more selling and now are down more than 4% so far. This will definitely add a more negative opening and tone for the market this week which will help our 11 short positions vs. 5 long.
The market is not likely going to react with an extreme negative reaction on this GM news like we have seen a handful of times these past 5 months because the market has heard this news before. Stocks don't react twice to the same news with the same extreme; the second time the reaction is more muted but it should give a reason for investors to start selling.
Oil moved down 2.1% to close at $52.06 per barrel for light sweet crude. A mild correction is likely or what technicians call consolidation before higher highs could be made.
Intermediate Trade Positions: Collection of stock ideas to consider buying long after pullback is completed:
UTX, United Technologies
MA, Mastercard
IBM, International Business Machines
TNH, Terra Nitrogen
BIDU, Baidu
AMZN, Amazon.com
BMC, BMC Software
RAX, Rackspace Hosting
SY, Sybase
RIMM, Research in Motion (SWING)
CIEN, Cienna
CREE, Cree Inc
DIOD, Diodes (semiconductor)
SWKS, Skyworks (semiconductor)
UEIC, Universal Electronics
RADS, Radian Systems (SWING)
FCX, Freeport McMoran
GS, Goldman Sachs
MS, Morgan Stanley
MRVL, Marvell Technology
WFR, Memc
S, Sprint
GOLD, Rangold Resources
CMG, Chipotle Mexican Grill (MacDonalds subsidiary,SWING)
BKE, Buckle Apparel
ARO, Aeropostale
DNR, Denbury Resources (Oil & Gas)
NOV, National Oilwell Varco
PBR, Petrobras
USO, US Oil Index ETF
DBC, Commodity Index ETF
GSP, Total Return Index ETF
SMH, Semiconductor ETF
REPEAT: Let market pull back before getting too heavy in LONG positions. Stocks that have been the strongest and pull back the least amount with more of a sideways action are the ones to be watching for long intermediate trades.
Swing Trades: New Ideas: BIG, Big Lots discount stores. This is not ready yet, wait until pullback is over.
Day Traders/Intraday stock ideas: Look for a bigger drop with the negative opening and take longer with more patience before buying any pops tomorrow. Look for good intraday trades in FSLR, ICE, BLK, CME, POT, MON, MOS, AMZN, AAPL, BIDU, USB, WFC, JPM and any high volume, high volatility stocks. Note FSLR was up on renewed interest in solar stocks and a contract awarded to FSLR.
IMPORTANT NOTICE: You are currently paying $59 a month for The Daily Stock Report to be delivered to you via email and full access to all reports and videos in the Members Area at www.TradeStocksAmerica.com. Your fee will never go up as long as you remain a member but you will see that our rates for new members will go up substantially over the coming two months. Be assured that your rates as current subscribers will not change. If you know anyone that is considering subscribing to our service, please let them know to consider subscribing at the current rate.
REPEAT: Many of you have emailed me with questions about not having the $25,000 to do intraday trading. You can have 3 intraday trades in a 5 business day rolling period without having $25,000 in your account. Above $25,000 you can do unlimited intraday trades as long as your account equity is above $25k. You can have swing trades like we have been having the last 2 weeks and make a smaller amount of money, let's say $10,000, to build up with swing trades.
Thoughts: Keep steady, calm, decisive, aggressive. Have no fear and no greed. Keep looking at what to be doing next in a calm manner. Don't focus on the past or beat yourself up what you did or didn't do or what you should have done. Just keep playing the next shot, which in this business your next shot could be just sitting on the sideline.
I am still expecting some sort of substantial rally in the stock market sometime this year mostly driven by the massive stimulus that has already been poured into the system plus the planned stimulus package being proposed now. Longer term though, in a couple years down the road, no doubt the taxpayer is going to have to pay for such the high debt amounts that the US government (and other countries) have taken on. So tax rates probably will rise in coming years, interest rates will very likely have to rise as inflation surfaces and likely the bear market resumes sometime down the road. But we don't have to be stuck in a miserable cycle like most investors. With the techniques and approach to the market, we will still thrive.
If you have been uncomfortable shorting stocks, which most people are, try to learn this technique, it will be a useful tool in the coming years.
When I list several stocks from the same sector, like the housing industry for example, don't short all of them unless you are well diversified and it represents a small percentage of your total stock account (in that same account).
Thoughts: Best odds only, be decisive, aggressive, mentally flexible, stay in position size, don't overtrade and wait a little longer to buy and wait a little longer to sell. You will find that will make you more money on your trades. Trade what you see, not what you hope for. Intermediate and swing trades are really important to have trailing stop losses set.
Don't trade unless the setup is there for you, then use the charts to tell you when the odds are heavily in your favor. Don't force anything to work for you, let the setups develop and then take advantage of that. Be patient. Stay in position sizes without letting any intraday trade represent no more than 10-15% of your total account value. As you build your account, your position size percentage should get smaller and smaller to lower your risk.
Have a great day and I'll talk to you this tomorrow.
About the Author
For more tips and information about
how to read stock charts
, please check:
http://www.tradestocksamerica.com/day-trader
.
RAD GAS OIL!!!
 |
 35 Oil Rubbed Bronze 3 Door Hinge w screws 5 8 rad $1.00 Time Remaining: 9d 17h 53m Buy It Now for only: $1.00 Buy It Now |
 Antique Oil Can Pennzoil Penn Rad Motor Oil Container $12.99 Time Remaining: 6h |
 35 Oil Rubbed Bronze 3 Door Hinge w screws 5 8 rad $2.80 Time Remaining: 29d 5h 53m Buy It Now for only: $2.80 Buy It Now |
 4 inch X 4 X 5 8 Rad Corners OIL RUBBED BRONZE Door Hinge Hinges w hardware $2.49 Time Remaining: 18d 11h 21m Buy It Now for only: $2.49 Buy It Now |
 4 inch X 4 X 5 8 Rad X Square Corner OIL RUBBED BRONZE Door Hinge w hardware $2.79 Time Remaining: 27d 5h 50m Buy It Now for only: $2.79 Buy It Now |
 Triumph Speed Triple Rad Guard Oil Cooler Guard 2011 2012 $86.24 Time Remaining: 21d 15h 20m Buy It Now for only: $86.24 Buy It Now |
 B SERIES STAINLESS MANIFOLD TURBO KIT T3 T4 + ALUMINUM RADIATOR + OIL COOLER JDM $944.99 Time Remaining: 6h 56m Buy It Now for only: $1,049.99 Buy It Now |
 4 x 4 x 5 8 Rad X Sq OIL RUBBED BRONZE Self Closing Door Hinge w hardware $12.99 Time Remaining: 15d 6h 35m Buy It Now for only: $12.99 Buy It Now |
 35 Oil Rubbed Bronze 3 Door Hinge w screws 1 4 rad $1.29 Time Remaining: 29d 5h 53m Buy It Now for only: $1.29 Buy It Now |
 TRANSIT OIL COOLER RAD MK6 20 BRAND NEW WITH GASKET $172.42 Time Remaining: 16h 23m Buy It Now for only: $172.42 Buy It Now |
 Harley Davidson XR1200X 2008 2012 Oil Cooler Guard Protector $95.11 Time Remaining: 29d 5h 19m Buy It Now for only: $95.11 Buy It Now |
 Ducati S4RS 2006 2009 Lower Oil Cooler Guard $95.11 Time Remaining: 5d 20h 40m Buy It Now for only: $95.11 Buy It Now |
 B SERIES RAM HORN TURBO KIT T3 T4 + ALUMINUM RADIATOR + OIL COOLER + TACHOMETER $989.99 Time Remaining: 7h 23m Buy It Now for only: $1,099.99 Buy It Now |
 3 ea Oil Rubbed Bronze 4 X 4 Hinges SQX5 8 rad US10B $5.21 Time Remaining: 3d 18h 58m Buy It Now for only: $5.21 Buy It Now |
 YAMAHA GRIZZLY 660 OIL COOLER RAD AND HOSE SET BRAND NEW BETTER COOLING 02 08 $99.99 Time Remaining: 15d 22h 30m Buy It Now for only: $99.99 Buy It Now |
 Speed Triple Radiator Oil Cooler Guard 2008 2009 $115.31 Time Remaining: 5d 19h 46m Buy It Now for only: $115.31 Buy It Now |
 Stanley 3 1 2 5 8 Rad Oil Rubbed Bronze on Brass Hinge $5.48 Time Remaining: 15d 2h 34m Buy It Now for only: $5.48 Buy It Now |
 Triumph 1050 Sprint GT Rad and Oil Cooler Guard 2010 on $117.60 Time Remaining: 23d 21h 56m Buy It Now for only: $117.60 Buy It Now |
 NICE 1935 PENN RAD OIL CAN TIN 10 QUART 2 IMP GALLON SIGN AUTO AUTOMOTIVE COLOR $22.95 (1 Bid) Time Remaining: 7h 24m |
 Triumph 1050 Sprint ST Rad and Oil Cooler Guard 2007 on $117.60 Time Remaining: 23d 20h 46m Buy It Now for only: $117.60 Buy It Now |
 VINTAGE OIL FILLER PENN RAD WITH POUR SPOUT 1 2 GAL SERIAL NO W 12 ANTIQUE $29.99 Time Remaining: 22d 6h 15m Buy It Now for only: $29.99 Buy It Now |
 HARLEY SPORTSTER CHOPPER BOBBER OIL FILTER HOUSING EXTERNAL TYPE CHROME RAD NEW $59.00 Time Remaining: 15d 20h 39m Buy It Now for only: $59.00 Buy It Now |
 Dorsoduro 1200 Radiator Oil Cooler Guard Set 2011 2012 $197.59 Time Remaining: 9d 14h 37m Buy It Now for only: $197.59 Buy It Now |
 Kawasaki 1100 900 Oil Front Block Off Plate CNC Billet SXR SXI BLASTER SUPERJET $25.00 Time Remaining: 2d 6h 54m Buy It Now for only: $35.00 Buy It Now |
 1950s Cadillac Original OEM Oil Bath Air Cleaner 4 Barrel $249.95 Time Remaining: 3d 12h 8m Buy It Now for only: $249.95 Buy It Now |
 4 inch X 4 X 1 4 Rad Corners OIL RUBBED BRONZE Door Hinge Hinges w hardware $2.49 Time Remaining: 18d 11h 18m Buy It Now for only: $2.49 Buy It Now |
 TRIUMPH SPEED TRIPLE200520062007RAD OILGUARD $117.62 Time Remaining: 2d 16h 7m Buy It Now for only: $117.62 Buy It Now |
 CHOPPER BOBBER OIL FILTER HOUSING EXTERNAL TYPE CHROME HARLEY OIL FILTER NEW RAD $59.00 Time Remaining: 15d 20h 37m Buy It Now for only: $59.00 Buy It Now |
 Aprilia Tuono V4 2011 2012 Oil Cooler Guard $65.85 Time Remaining: 9d 14h 38m Buy It Now for only: $65.85 Buy It Now |
 Vintage Penn Rad Motor Oil 2 Gallon Gasoline Can $19.95 Time Remaining: 4d 50m |
 Vintage PENN RAD Pennsylvania 1 2 gallon OIL CAN Tin W 12 $17.99 Time Remaining: 6d 23h 35m Buy It Now for only: $17.99 Buy It Now |
 Triumph Speed Triple 2011 2012 Oil Cooler Guard Protector Grille $84.68 Time Remaining: 29d 13h 55m Buy It Now for only: $84.68 Buy It Now |
 B SERIES RAM HORN TURBO KIT T3 T4 + ALUMINUM RADIATOR + OIL COOLER EG EK EF DC $1,099.99 Time Remaining: 15d 6h 32m Buy It Now for only: $1,099.99 Buy It Now |
 Aprilia RSV4 Factory 2009 2012 Oil Cooler Guard $65.85 Time Remaining: 9d 14h 39m Buy It Now for only: $65.85 Buy It Now |
 Rad Ocean Waves Foam Technique Texture Seascape 24x20 Original Oil Painting Art $99.99 Time Remaining: 10d 8h 38m Buy It Now for only: $99.99 Buy It Now |
 Mary Kay Day Rad Oil Free Foundation Cocoa Beige $7.99 Time Remaining: 4d 5h 49m |
 Triumph 1050 Tiger Rad Oil Cooler Guard 2010 2011 2012 $101.92 Time Remaining: 2d 20h 4m Buy It Now for only: $101.92 Buy It Now |
 Harley Davidson XR1200X 2008 2012 Oil Cooler Guard Protector $95.11 Time Remaining: 29d 5h 18m Buy It Now for only: $95.11 Buy It Now |
 BMW E39 5 SERIES AUTOMATIC TRANSMISSION OIL COOLER RAD $31.35 Time Remaining: 28d 23h 10m Buy It Now for only: $31.35 Buy It Now |
 Suzuki V Strom 2002 2009 Oil Cooler Guard $52.85 Time Remaining: 5d 14h 51m Buy It Now for only: $52.85 Buy It Now |
 Mary Kay Day Rad Oil Free Foundation Toasted Beige $7.99 Time Remaining: 4d 5h 49m |
 NORS Oil Filler Cap 1965 65 66 1966 67 1967 Corvette 60s 70s GM V 8 V8 396 427 $8.99 Time Remaining: 2d 21h 5m Buy It Now for only: $8.99 Buy It Now |
 Harley Davidson XR1200 2008 2012 Oil Cooler Guard Protector $95.11 Time Remaining: 29d 5h 18m Buy It Now for only: $95.11 Buy It Now |
 1950s Cadillac Original OEM Oil Bath Air Cleaner 4 Barrel $249.95 Time Remaining: 1d 5h 2m Buy It Now for only: $249.95 Buy It Now |
 Triumph Speed Triple Rad Guard Oil Cooler Guard 2006 2007 2008 2009 $101.92 Time Remaining: 16d 15h 34m Buy It Now for only: $101.92 Buy It Now |
 Triumph 1050 Tiger Rad and Oil Cooler Guard 2007 2008 2009 $101.92 Time Remaining: 10d 17h 9m Buy It Now for only: $101.92 Buy It Now |
 Mary Kay Day Rad Oil Free Foundation Fawn Beige $9.99 Time Remaining: 4d 5h 49m |
 Triumph Speed Triple Rad Guard Oil Cooler Guard 2006 2007 2008 2009 $86.24 Time Remaining: 16d 15h 32m Buy It Now for only: $86.24 Buy It Now |
 Harley Davidson XR1200 2008 2012 Oil Cooler Guard Protector $95.11 Time Remaining: 29d 5h 18m Buy It Now for only: $95.11 Buy It Now |
 Ducati S4R 2006 2009 Lower Oil Cooler Guard $95.11 Time Remaining: 5d 20h 40m Buy It Now for only: $95.11 Buy It Now |
 SUZUKI GSX R1000 Engine Oil Cooler Rad 2001 2005 GSXR1000 $49.95 Time Remaining: 16d 8h 25m Buy It Now for only: $49.95 Buy It Now |
 Gunk M3332 Hydraulic Jack Oil - 32 fl. oz. List Price: Sale Price: $4.57 You save: $3.85 (46%)  Eligible for free shipping!Availability: Usually ships in 1-2 business days See Reviews For This Product DescriptionGunk Hydraulic Jack Oil is formulated with extreme pressure additives and is ideal for use with all hydraulic jacks.  |
 DeLonghi TRN0812T Portable Oil-Filled Radiator with Programmable Timer List Price: Sale Price: $79.99 You save: $4.01 (5%) Eligible for free shipping!Availability: Usually ships in 2-3 business days See Reviews For This Product DescriptionThe DeLonghi Oil-Filled radiator has vertical thermal chimneys that are engineered to maximize radiant heat flow while maintaining a low surface temperature. This heater is perfect for any room, it provides fast and flexible heating for the entire room and the unit is equipped with a GFCI Plug so it is safe to use in the bathroom... |
 RadTech Screensavrz Keyboard & Screen Protection for MacBook Air 13 (Indigo) Sale Price: $14.95 Eligible for free shipping!Availability: Usually ships in 24 hours See Reviews For This Product DescriptionRadTech Screensavrz Keyboard & Screen Protection for MacBook Air 13 - Indigo |
 Waterlox Original High Gloss Tung Oil Finish - Quart Sale Price: $34.99 Eligible for free shipping!Availability: Usually ships in 1-2 business days See Reviews For This Product DescriptionThese premium wood finishes are tung oil based products that go on easily with a brush, lambswool applicator, cloth, roller or spray. Waterlox resists alcohol, hot liquids and similar problems, while sealing the wood and hardening and enhancing the woods natural appearance... |
 Work Gloves Dewalt DPG250 Vibration Reducing Premiun Padded X LARGE Sale Price: $24.50 Eligible for free shipping!Availability: Usually ships in 1-2 business days See Reviews For This Product DescriptionUses: Sanders ? Routers ? Grinders ? Finishers |
 Method Green Mint Shave Cream Sale Price: $7.15 Eligible for free shipping!Availability: Usually ships in 1-2 business days See Reviews For This Product DescriptionJojoba + Mint Oild 99% naturally derived no parabens no animal by-products |
 1" x 2" x 6", Type 60, Radiac Hand Held Stone, Spec. #A320-M-V1 (1 Each) Sale Price: $24.16 Eligible for free shipping!Availability: Usually ships in 1-2 business days See Reviews For This Product |
 CHR.RAD.OIL PRES.KIT-TWIN CAM Sale Price: $199.99 Eligible for free shipping!Availability: Usually ships in 6-10 business days See Reviews For This Product DescriptionCHR.RAD.OIL PRES.KIT-TWIN CAM |
 Gunk L106 Liquid Wrench Penetrating Oil List Price: Sale Price: $2.64 You save: $0.85 (24%) Eligible for free shipping!Availability: Usually ships in 3-4 business days See Reviews For This Product DescriptionGunk Liquid Wrench Penetrating Oil frees stuck nuts, bolts and locks as well as dissolves rust, cuts through grease. |
