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19/2008
15.09.2008
Editor's
Notes
Trading
Tips:
Stop loss tips
Sector
and ETF
Watch list
Stock
watch list
Contact me
My
blog
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Simple
stock trading
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Back in action again
Hello,
stock market volume returned to normal levels. And we have seen a lot of action during last two weeks.
Stock market indexes for US stock markets moved down to important support levels
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Last few days can be marked as war between buyers and sellers. But it
looks like buyers are still weaker and sellers are leaders . There are
lower highs on stock market index charts.
Situation looks still more bearish. But based on several other analyzes
I think that European stock markets will be hit much more by decline
then US markets.
I do not plan to be aggressive till will be known that supports are
broken and we are in bearish breakdown or supports hold and prices are
breaking up. Till such time I plan to use only relative strength
picking to find best stock pricks for trading. During next two weeks I
will start publishing of these my picks on daily basis in
special newsletter.
Happy trading,
Richard
Stop loss tips
I do not trade without stop loss. So I think that my stop loss tips could be usable for every trader.
.... top of newsletter
Sector and ETF Watch List
Long
ETF watch list:IBB, RTH, XLP, XHB
Short
ETF watch list: WMH,XLE,SMH,XLF,XLI, GLD,SLV,DBA,EWA,EWY,FEZ,EZU, EWG,EWP,EWO,GUR,LQD,TLT
Inverse ETF (long position): SIJ,DUG,SKF,SSG,REW
Semiconductor sector is poised for further declines. It can drag Nasdaq down a lot.
Stocks Watch List
Long
Watch list: AMTD, AVB, VRX, R, BCR, BBY, COST,KSS, TOL, AMMD, CPA, ALK, AMR, CAL, HA, JBLU,LUV, IBM, PEP, SYY
Short
trade watch list:
CF,GG,PEG, BRCM, CREE, CSIQ, CY, FSLR, KLAC, LRCX, TXN,
Questions ?
I will be pleased to reply to any of your questions. Do you have
something to discuss ? Or would you like to read something in next
issue of newsletter or on my web pages or in my blog ? Let me know .
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