1. Daily Stock Report Monday Morning, June 25, 2012
Announcement: The Trading Room is a LIVE real-time forum where you get excellent stock ideas for mostly intraday scalping trades where our goal is to make 1-3% profit
per transaction. Go to www.TradeStocksAmerica.com and click on the Trading Room tab for instructions to receive a $1 trial for a week. Not only will you receive excellent
stock trading ideas, mostly focused on intraday scalps, you will get commentary about the timing, trading action, and market behavior during the day and how it affects any
stock ideas posted in the Trading Room. Plus you will interact with other traders as well. It is highly recommended to study the trading strategies and chart setup before
you use your actual hard earned money and practice in a virtual account for 30-90 days before in order to get a high winning rate while practice. This will dramatically
increase your chances of being profitable from the beginning of using your own money. See you in the Trading Room!
US stocks had a small snapback rally after Thursday’s
sharp drop in the indexes but ended down for the Summary Opinion
Consider keeping positions smaller than normal with slight
week. The typical low volume in trading is gradually
bias toward short positions.
starting with July and especially August very low
trading volumes.
My guess is stocks are more likely to gradually trend
down through the summer months as most Calendar (All Eastern times)
Monday, 1000am, New Home sales, 350k
professional and retail traders/investors return to the Tuesday, 900am, Case-Shiller 20 city Index
market in mid-September. Tuesday, 1000am, Consumer Confidence, 63.0
Wednesday, 7:00am, MBA Mortgage Index, -0.8%
Wednesday, 830am, Durable Orders, 1.0%
The European union actions so far have been a band- Wednesday, 1000am, Pending Home Sales, 0.5%
aid approach to solving their financial problems since Wednesday, 1030am, Crude Inventories, 2.86M
Thursday, 8:30am, Initial Claims, 385,000
it is difficult for many countries to agree on a radical Thursday, 830am, Continuing Unemployment Claims, 3.275K
plan. The US politicians cannot even agree on a Thursday, 830am, GDP (Gross Domestic Product), 1.9%
balanced budget which was due last year and poses Friday, 830am, Personal Income, 0.1$
Friday, 830am, PCE, 0.2%
our biggest threat to financial markets. Friday, 945am, Chicago PMI, 52.4
Friday, 955am, Michigan sentiment, 74.1
We have a full schedule of economic data next week Follow-up notes:
with most focus on the jobs numbers. Consider IDCC, Interdigital. If still short, consider holding short for lower
prices the next few days.
keeping positions smaller than normal with slight bias
toward short positions.
Most recent list of “Market worries”:
1. Greece bailout and possible exit; Greece complains they want Spain’s deal; Greece vote this weekend.
2. Spain bailout proposal being criticized as creating more problems in future.
3. Next news bomb: Italy likely going to need help but not in news lately
4. Germany is Europe’s financial leader; says they pay biggest percentage of bailouts; must be weighing options.
5. European recession very likely to start
6. China's softening of economy or hard landing?
7. US economic data choppy
8. US Presidential election, momentum shifting toward Romney = Bullish
9. Apathy in retail investors
10. US Housing recovery not strong yet
11. Brazil economy stalling
12. Facebook IPO bombed out and rated as “sell.” High price was over $43 and went below $27 Thursday.
13. JP Morgan loss of $2-3 billion creating mistrust in Wall Street.
14. Money is flowing into US dollar, US Treasuries and German government securities.
15. US economic policy not repairing economy.
16. Current US president not strong leader; creating more debt
17. India economy sharply pulling back now; just starting to hit news.
18. No serious discussion on US budget among politicians; Bernanke warns this as biggest fiscal cliff.
19. French President Hollande leaning heavily to the left toward spending and increasing taxes; not working well with Germany’s Merkel.
20. Healthcare costs and tax structure for US companies unclear.
1

2. Scalp of the day from Trading Room: (all eastern times)
There were many smaller trades but overall was a strong downtrend today.
These scalps posted here are best ones we find in real-time each day and will do our
best to present these as timely as possible to the Trading Room and give
commentary and suggestions as how to profit from them. Normally a 2-3% profit is
very good per scalp. The Trading Room is now open! Start your $1 trial here:
www.tradestocksamerica.com/trading-room-new.php
Swing Trade Ideas: (Usually hold time is days)
NSC, Northern Suffolk. Consider small short position.
JAZZ, Jazz Pharmaceuticals. Consider small short position.
IMAX, Imax corp. Consider small short position.
LAZ, Lazard. Consider small short position.
NBL, Noble Energy. Consider small long position.
HUM, Humana. Starting to monitor HUM for potential long position.
BCS, Barclays Bank. Consider small short next 1-3 days.
Wait for rebound in market to top before many shorts:
CTB, Cooper Tire & Rubber. Consider small short (hold time days).
RYN, Rayonier. Consider small short.
LVLT, Level 3 Communications. Consider small short position next 1-3 days.
LOGI, Logitech. Consider small short position.
RDC, Rowan Cos. Consider small short position.
BEAV, BE Aerospace. Consider small short position next 1- days.
LVS, Las Vegas Sands. Consider small short.
RBC, Regal-Beloit. Watching for potential short next 1-3 days.
SLF, Sun Life. Consider small short (only a few days hold time).
PANL, Universal Display. Consider small short (only a few days hold time).
CHMT, Chemtra, Consider small short position.
HGG, HHGregg. Consider small short position.
FNGN, Financial Engines. Consider small short position.
VCI, Valassis Communications. Watching for short entry.
IDCC, Interdigital. Consider small short.
Focus Chart: (Worden Telechart 2007-Download FREE on home page Intermediate Trade Ideas: (weeks to months)
of www.TradeStocksAmerica.com.) DY, Dycom Industries. Consider small short position.
NFX, Newfield Exploration. Consider small short position.
SHFL, Shuffle Master. Today’s drop of 2.63% was an QSII, Quality Systems. Consider small short position.
important “marker” for further selling. We are looking for this
short to hit the low $12’s; be flexible. SNI, Scripps Networks. Consider small long position $54-55 area.
SHW, Sherwin Williams, consider small long below $125.
COP, ConocoPhillips. Consider small long position.
ORLY, O’Reilly Auto Parts. Consider small long position.
BK, Bank of New York Mellon. Consider small long position
RMD, Resmed Health. Consider small long position.
WAG, Walgreen. Consider small long position.
ROST, Ross Stores. Consider small long position next 1-2 days.
Wait for rebound in market to top before many shorts:
RBS, Royal Bank of Scottland. Consider small short.
COF, Capital One. Consider small short position.
FFIV F5 Networks. Consider small short position.
CNK, Cinemark. Consider small short position.
VAR, Varian Medical. Consider small short.
LO, Lorillard Group, Consider small short.
SODA, SodaStream Intl. Consider small short position.
RHT, Redhat. Consider small short position.
SFD, Smithfield Foods. Consider small short position.
Aggressive Investors-Traders (Higher risk, higher reward)
HNR, Harvest Natural Resources. Watching for potential short, for aggressive
investors.
BBVA, Banco Bilbao. Consider small short; may last 2-3 months.
Don’t get leveraged on any of these aggressive ideas. Study Bullshorts in the Wizard
Training Course before attempting this high risk high reward strategy. It is best to let
these peak in price and turn down before opening short.
2

3. Stock List Type Notes Open Price Close
Price
CMG,
CMG Chipotle Mex LONG-INT Closed all long position at 405, 236% avg. profit 163.49 367.18
MNST, Monster Bev. LONG-SWI Continues marching up in strong uptrend. 42.69 53.35
DLTR,
DLTR Dollar Tree LONG-SWI Sold Friday for 5% profit. 97.50 102.35
IDCC, Interdigital SHORT-SWI Stopped Monday for 12.5% profit. 27.31 24.25
MO, Altria LONG-INT Higher high on Monday. 31.82
FNGN,
FNGN Financial Eng SHORT-SWI Re-
Re-entered short Thursday 20.50
SFD, Smithfield SHORT-INT Covered short Friday for 5.4% profit. 19.40 18.48
SLF, Sunlife SHORT-SWI Re-
Re-entered short Friday 21.94
LVLT,
LVLT Level 3 SHORT-SWI Covered short Friday for breakeven. 21.55 21.55
LOGI,
LOGI Logitech SHORT-SWI Covered short Friday for breakeven. 10.32 10.24
RDC, Rowan Cos. SHORT-SWI Small short position. Hold time 2-3 more days. 31.68
RBC, Regal-Beloit SHORT-SWI Covered Friday for breakeven. 61.24 61.24
CHMT, Chemtra SHORT-SWI Expecting to resume downtrend. 14.82 14.31
VCI, Volassis SHORT-SWI Re-
Re-entered short THursday 20.50
RRC,
RRC Range Resourc SHORT-SWI Covered Thursday for 4% profit; consider covering 57.33 55.10
ADSK, Autodesk SHORT-SWI Covered Thursday for 5.1% profit; cover Friday 33.18 31.55
SHFL, Shuffle Mast AGGSHORT Looking for low $12’s to cover 14.25
NBL, Nobile Energy LONG-SWI Stopped Thursday for 5% loss. 83.88 79.75
HLX, Helix Energy LONG-SWI Closed Wednesday for 2% loss. 15.77 15.43
HUM, Human Health LONG-SWI Small long position. 78.81
TARO, Taro Pharm SHORT-SWI Small short position; should resume downtrend 37.35
CNK, Cinemark SHORT-SWI Downtrend continuing. 21.69
SODA, Sodastream SHORT-SWI Closed Wednesday for 1% loss. 34.79 35.10
RHT, Redhat SHORT-SWI Covered short Friday with 2.2% loss. 53.41 54.34
BEAV, BE Aerospace SHORT-SWI Small short position. 43.42
SNI, Scripps Netw LONG-INT
LONG-INT Small long position. 57.31
SHW, Sherwin Will LONG-
LONG-INT Small long position. 133.10
COP,
COP ConocoPhillips LONG-
LONG-INT Stopped Thursday for 5% loss 55.50 52.72
ORLY, O’Reilly Auto LONG-
LONG-INT Small long position. 101.75
BK,
BK Bank NY LONG-
LONG-INT for
Closed Friday for breakeven. 21.09 21.08
RMD,
RMD Resmed Health LONG-
LONG-INT Closed Friday for 3% loss. 31.96 31.00
PXP,
PXP Plains Explorat SHORT-
SHORT-INT New low Friday, should trend down. 34.69
APC, Anadarko Petro SHORT-
SHORT-INT Small short position. 64.52
FTI,
FTI FMC Technology SHORT-INT
SHORT-INT Small short position. 41.07
BCS, Barclays Bank SHORT-
SHORT-SWI Small short position. 12.93
OKE,
OKE Oneok SHORT-
SHORT-SWI Small short position. 43.53
ASIA,
ASIA AsiaInfo SHORT-
SHORT-SWI Small short position. 11.94
WAG, Walgreens LONG-
LONG-INT Small long position. 29.33
HXL,
HXL Hexcel SHORT-
SHORT-INT Small short position. 24.36
IAG,
IAG IamGold SHORT-
SHORT-INT Small short position. 11.89
LAZ,
LAZ Lazard SHORT-
SHORT-SWI Small short position. 25.39
3

4. IMAX,
IMAX Imax SHORT-
SHORT-SWI Small short position. 22.72
JAZZ, Jazz Pharma SHORT-
SHORT-SWI Small short position. 45.25
45.25
Here are some highlights of comments and stock ideas from the LIVE Trading Room. Try a $1 trial for 1 week using this
link: http://www.tradestocksamerica.com/trading-room.php
June 22, 2012 June 22, 2012
TSA User Chat
TSA Moderator Chat
[06:15 am] mikewd2 -: good morning traders
[06:22 am] Ed : good morning traders [06:15 am] akram : Good Morning All
[06:34 am] Ed : watching IHS for potential short [06:15 am] lisas : gm Mike, akram
[06:21 am] gumroadboy : Good morning y'll, finish your grits before
[06:34 am] Mitch K: watching CNW for bottom to buy the market opens.
[06:34 am] Mitch K: watching SXCI for top to short [06:22 am] eddy : hello all
[06:35 am] Mitch K: watching CB for top to short; take [06:24 am] apple : good morning to all prepared traders
[06:24 am] apple : gm eddy
time [06:24 am] apple : gm gum
[06:36 am] Mitch K: watching ROSG for short here [06:24 am] apple : gm lisa
[06:36 am] Mitch K: watching FSLR for top to short [06:24 am] apple : gm akram
[06:24 am] apple : gm mike
[06:37 am] Mitch K: watching SYNC for bottom to buy
[06:24 am] apple : gm E
[06:37 am] Mitch K: watching PXP for bottom to buy [06:24 am] mikewd2 -: apple in the house!
[06:37 am] Mitch K: watching CTXS for top to short [06:24 am] skydiver : gm all
[06:39 am] Mitch K: watching LTD for bottom to buy [06:24 am] eddy : hi apple
[06:24 am] apple : DRI, CCL and CUK earnings today
[06:39 am] Mitch K: watching MS for bottom to buy [06:25 am] eddy : CCL release earnings
[06:40 am] Ed : if u took IHS short would cover [06:25 am] lisas : gm apple
[06:40 am] Mitch K: watching RIG for bottom to buy [06:25 am] eddy : beaT anaylyst estimate by far and up guidance
[06:25 am] apple : housing 10 am
[06:40 am] Mitch K: watching ALGN for bottom to buy [06:26 am] mikewd2 -: UVXY might provide some good bounces
[06:41 am] Mitch K: watching VRX for short today
[06:41 am] Mitch K: watching COO for top to short [06:26 am] qwert : good morning everybody
[06:42 am] Mitch K: watching M for bottom to buy [06:27 am] gub : waaaaah sup traders!
[06:27 am] gub : the market!
[06:42 am] Mitch K: watching NXPI for top to short [06:27 am] apple : thx mike
[06:43 am] Mitch K: watching ALGN closer *** Mitch King, Welcome to the TradeStocksAmerica Live Trading
[06:43 am] Mitch K: watching OVTI for bottom to buy Room
[06:29 am] skydiver : watching R
[06:43 am] Ed : monitor FB for breakout with vol [06:31 am] mikewd2 -: PVH
[06:43 am] Mitch K: watching AMRN for bottom to buy [06:31 am] garyb : Good morning everyone!
[06:44 am] Mitch K: watching ASH for top to short; take [06:32 am] skydiver : gm gary
[06:32 am] garyb : Skkkyyyyy Divverrr...alway think of that old 70s
time song
[06:44 am] Mitch K: watching HAIN for top to short; take [06:33 am] skydiver : lol!
time [06:33 am] skydiver : you're not that old gary :)
[06:45 am] Mitch K: watching CE for bottom to buy [06:34 am] apple : skypilot
[06:34 am] skydiver : right pilot!
[06:45 am] Mitch K: watching RCL for bottom to buy [06:34 am] skydiver : :)
[06:46 am] Mitch K: argh, missed ARNA, watch for top to [06:34 am] apple : love you sky
short [06:34 am] eddy : watchin MS for long
[06:35 am] apple : hey gary, we shoulld talk
[06:47 am] Mitch K: watching GNC for bottom to buy [06:36 am] cdougan : ARNA
[06:48 am] Mitch K: still watching TRMB for bottom [06:36 am] skydiver : thnx apple :)
[06:48 am] Mitch K: watching CAM for bottom to buy [06:37 am] Ed : good eye cdougan
[06:37 am] cdougan : sold quick
[06:49 am] Mitch K: watching FST for bottom to buy [06:38 am] garyb : Hey apppllleee!
[06:49 am] Mitch K: looking for $31 area on PXP; be [06:38 am] garyb : Just added to my UVXY position!
flexible [06:38 am] garyb : I feel like I am flying in a heavy bomber!
4

5. [06:50 am] Mitch K: watching MAN for top to short [06:39 am] mikewd2 -: GMCR
[06:43 am] skydiver : all out of PVH S - thnx mike
[06:50 am] Mitch K: watching COH for bottom to buy [06:46 am] mikewd2 -: yeah, i got that on too
[06:50 am] Mitch K: watching CFX for bottom [06:47 am] skydiver : :) very nice mike - owe you one!!
[06:52 am] Ed : consider redcuing some FB if u took long [06:47 am] garyb : Mike do you still have UVXY?
[06:53 am] Mitch K: watching SYNC for bottom [06:47 am] apple : selling off on the market after the open
[06:48 am] mikewd2 -: yes
[06:54 am] Ed : ONXX has resistance @ near 64.65 so [06:48 am] skydiver : thnx apple
need STRONG vol for breakout [06:48 am] mikewd2 -: garyb: but only the covered calls shares
[06:54 am] Mitch K: watching BC for top to short [06:48 am] skydiver : FDX been dropping steady
[06:49 am] skydiver : wow PVH had quite the spike up
[06:56 am] Mitch K: took BMR off screen [06:53 am] qwert : thx for fb ed
[06:56 am] Mitch K: cant remember if i posted PVH [06:53 am] jsn13 : Out all FB long thanks Ed....
bottom but consider selling long and start watching for [06:56 am] apple : yes you did MK, thx
[06:57 am] skydiver : looks like a double top on PVH
top to short
[06:59 am] apple : looking at MAS
[06:57 am] Mitch K: watching ILMN for top to short [07:01 am] go4it : very nice cdougan!
[06:59 am] Mitch K: watching MAS for bottom to buy [07:05 am] eddy : test
[06:59 am] Mitch K: watching ALXA for bottom [07:05 am] Ed : i see you eddy
[07:06 am] eddy : k
[07:01 am] Mitch K: looking for 62.40 area on SLB to sell; [07:06 am] eddy : MS
be flexible [07:08 am] mikewd2 -: nice call eddy
[07:02 am] Mitch K: looking for 31.50 and higher on PXP; [07:11 am] jsn13 : IHS consolidation in tight range...
[07:11 am] jsn13 : *consolidating
be flexible, looks strong [07:13 am] mikewd2 -: tech stocks seem strong today
[07:02 am] Ed : SPY trading at horozontal resistance [07:16 am] scalpman : OUt 1/2 PVH S
[07:03 am] Mitch K: too low vol on SYNC, consider selling [07:20 am] mikewd2 -: moved stop on PVH S to trailing
[07:04 am] Mitch K: A bouncing [07:22 am] apple : good job mike and scalp
[07:22 am] Ed : nice going scalp/mike
[07:04 am] Mitch K: watching MCK for bottom to buy [07:28 am] apple : about 40 ideas so far...
[07:05 am] Mitch K: watching PVH closer [07:34 am] apple : thx E
[07:06 am] Mitch K: watching CREE for top to short [07:38 am] scalpman : All out PVH S
[07:38 am] scalpman : HIt my low target...
[07:07 am] Mitch K: watching ILMN closer [07:38 am] apple : great job scalp
[07:08 am] Mitch K: consider selling MS [07:38 am] skydiver : Been a good week -- short day today and
[07:08 am] Mitch K: PXP toppy have to go. Have a great week-end all. Nice scalp on PVH ;)
[07:39 am] apple : have fun sky
[07:09 am] Mitch K: watching VMW for top to short [07:39 am] skydiver : :)
[07:09 am] Mitch K: monitor MS for short top of this [07:43 am] scalpman : out 1/2 CCL L
bounce [07:47 am] scalpman : All out CCL L ...I botched my OCO...oh well.
[07:10 am] Mitch K: consider reducing ALGN long, watch [07:47 am] scalpman : Thanks apple
[07:48 am] scalpman : bye Sky
for top to short; patient on the short, take time on short [07:48 am] apple : amrn
[07:10 am] Mitch K: watching WNC for top to short, low [07:49 am] scalpman : ED: can you look at the bottom of ALGN
priced [07:50 am] Ed : 1 sec
[07:50 am] mikewd2 -: dang, was entering order on MNST - and it
[07:11 am] Mitch K: you should be out of SLB long jumpd
[07:11 am] Mitch K: CREE toppy [07:50 am] apple : STT
[07:12 am] Mitch K: watching MLNX for top here to short [07:51 am] scalpman : I entered 9:45 opn green bar...but got
stopped below low...and then missed rebound...
[07:15 am] Mitch K: taking TRMB off screen [07:52 am] mikewd2 -: looked like a good entry scalp
[07:16 am] Mitch K: watching RHT for top; early yet, take [07:53 am] victor51 : Missed MNST by 2 cents. Well thats part of
time game
[07:16 am] Mitch K: ALGn toppy [07:53 am] scalpman : My stopp was too at the lower of the
previous wick..
[07:17 am] Mitch K: looking for 67.50 area for ASH; be [07:54 am] apple : next time victor
flexible on covering, cover in increments [07:54 am] Ed : that happens Scalp, still great entry though, just so
[07:17 am] Mitch K: start covering some ASH short happens u got stop, what u do in that case is take breathere and see
what other opps are out there it just so happens gave anothe good
[07:18 am] Mitch K: more downside on HNR, consider entry bottom at 9:49
small short [07:54 am] scalpman : but it popped down, got me out, and the
[07:20 am] Ed : getting pullback in SPY rebounded.
[07:54 am] scalpman : Yes, it took me 3 or minutes to calm
[07:22 am] Mitch K: looking for 51.80 area on HAIN
down...and then I missed the rebound.
short; be flexible [07:55 am] Ed : It happens to all traders no matter how solid ur plan
[07:24 am] Mitch K: BC toppy is
5

6. [07:25 am] Mitch K: starting to monitor CCL for bottom, [07:56 am] scalpman : I think the brief lower low is an "exhaustion"
sell, it uses them all up. and set the stage for the reversal
companion to RCL, ROyal Cruise lines [07:56 am] scalpman : Brooks in his books calls that something, I
[07:27 am] Mitch K: consider selling SYNC can't remember
[07:28 am] Mitch K: more downside on MAN short [07:56 am] Ed : thats why u must live in the now, u did the right thing
[07:29 am] Mitch K: looking for 13+ on MAS long about calmin the nerves, now what u do is study this chart and see
how u can improve and see where u were right on
[07:29 am] Mitch K: consider selling PXP [07:56 am] scalpman : The question is how much room to give the
[07:30 am] Mitch K: PVH could drop to 79; be flexible on stop...
short; remember market is going down [07:57 am] Ed : Its a flushing if u will, sometimes u get, sometimes
not
[07:30 am] Mitch K: MLNX toppy for short [07:57 am] apple : MRK moving
[07:31 am] Mitch K: VMW a little on the bullish side on [07:57 am] scalpman : very good...
this short [07:57 am] jsn13 : Entered MNST at 10.45am 73.80, out half at
74.09 and 2nd half at 10.55am 74.65....thanks mitch....
[07:31 am] Mitch K: could see new lows on SLB if you
[07:57 am] scalpman : Any way....for 10am on...I made good trades
shorted on top of that bounce and recoups loss. I am slightly green....and smarter
[07:32 am] Mitch K: watching LAZ for bottom [07:58 am] apple : good job jsn
[07:33 am] Ed : if you took ONXX long on breakout would [07:58 am] apple : good job scalp
[07:58 am] Ed : personal preference, example I still stick with placing
reduce some here few cents below lod, but someone like Mitch would not have been
[07:35 am] Mitch K: watching ALV for bottom to buy stopped, If I took the trade where u did, I would have been stopped
[07:35 am] Mitch K: looking for lower on ARNA if you are [07:59 am] Ed : See, I dont mind though cuz I know at end of
day,week,month,year, my winners will more than make up for the
short but gradual covering is good lossers or the smalll stuff like that trade not working
[07:36 am] Mitch K: little bounc ein SPY starting, will [08:00 am] scalpman : Yes...I see,
bring up your longs or most stocks [08:00 am] scalpman : thanks apple
[07:37 am] Mitch K: watching TX for bottom to buy; [08:01 am] jsn13 : thanks apple...
[08:02 am] Ed : See it is truly about mindset, emotions, once ur able
[07:37 am] Mitch K: consider covering WNC to take small losses and move on withought being emotionally
[07:39 am] Mitch K: starting to watch NUGT for bottom attached to what happened in past, ur able to focus on setups and
[07:40 am] Mitch K: lower low on SPY opportunities
[08:02 am] apple : ain't that the truth, E!
[07:40 am] Mitch K: VMW breaking down afterall [08:04 am] Ed : My CPA has this on her voicemail, "for every
[07:40 am] Ed : SPY trading at lod negative thought there is a positive tought, focus on the positvie"
[07:41 am] Mitch K: NXPI turning over [08:04 am] apple : ditto
[08:05 am] jsn13 : Chief Personal Assistant or Certified Public
[07:42 am] Mitch K: watching ROK for bottom Accountant? haha...
[07:42 am] Mitch K: watching MNST for bottom to buy [08:05 am] apple : good one jsn
[07:46 am] Mitch K: consider reducing ASH short [08:06 am] Ed : good one, my tax person
[07:46 am] Mitch K: consider reducing ARNA short [08:08 am] eyes %: Get to work stop Playing LOL
[08:09 am] apple : is that eyes, or someone else?
[07:46 am] Mitch K: consider reducing HAIN short [08:09 am] qwert : eyes is tha u
[07:47 am] Mitch K: watching PAAS for bottom to buy [08:09 am] eyes %: It is I how is everyone
[07:48 am] Mitch K: watching AMRN for bottom to buy [08:10 am] Ed : hey eyes
[08:10 am] qwert : new nickname ha
[07:49 am] Mitch K: watching STT for bottom to buy [08:10 am] scalpman : CCL Tanking down
[07:49 am] Mitch K: watching ALV for bottom to buy [08:10 am] apple : missing you eyes, he always reinvents himself --
[07:50 am] Mitch K: watching RGLD for bottom i like that
[08:10 am] scalpman : any neews on CCL
[07:52 am] Mitch K: watching H for top to short [08:11 am] lisas : Hey Eyes, like the newer you!
[07:56 am] Mitch K: ALV bouncing [08:11 am] Ed : they had earnings release premarket I think
[07:56 am] Mitch K: watching AMRN closer [08:11 am] apple : you are in iowa, now?
[07:58 am] Mitch K: watching TROW for top; take time [08:11 am] apple : at 10 am E
[08:11 am] eyes %: yes for a while
[07:59 am] Mitch K: expecting AREX to drip down [08:12 am] qwert : Ed did you ever get onxx on the breakout?
[08:07 am] Mitch K: watching DANG for bottom to buy [08:12 am] Ed : yes
[08:35 am] Ed : SPY trading in small range [08:12 am] qwert : nice i had it up and still missed haha
[08:13 am] eyes %: I went and bought a verison 2 Gb data so i can
[08:47 am] Mitch K: watching UVXY for bottom to buy chat
[08:48 am] Mitch K: looking for $12.85 area on AMRN, [08:13 am] qwert : on your phone
be flexible [08:14 am] eyes %: ipad
[08:14 am] qwert : wow cool
[08:50 am] Mitch K: monitoring ZMH, no trade yet, just
[08:14 am] qwert : what app are you using to run the room on
watching [08:14 am] jsn13 : missed IHS breakout...
[08:51 am] Mitch K: monitoring CNK for bottom [08:15 am] eyes %: omnovia web conference mobile
6

7. [08:56 am] Mitch K: CNK bouncy off 21 [08:15 am] qwert : cool any delays or hiccups
[08:16 am] eyes %: not as of yet the only thing i cannot figure out
[09:55 am] Ed : monitoring LIFE for potential short take how to see EDs and Mitch post just chat room
time would like move to 43.8ish area [08:17 am] eyes %: just the one on bottom of chart
[10:01 am] Mitch K: watching URBN for bottom, trading [08:18 am] qwert : okay i have run it on iswifter and get the whole
for crumbs room if you want to try that
[08:18 am] scalpman : TROW broke through resis.
[10:20 am] Mitch K: watching MLNX for 2nd helping [08:19 am] scalpman : ...weakly
short [08:19 am] scalpman : trying again...may have another leg up
[10:37 am] Mitch K: earlier [08:19 am] qwert : watching RHT
[08:22 am] scalpman : qwert RHT S @ 54.02
[10:37 am] Mitch K: hope you guys got AMRN long [08:27 am] qwert : scalp i ended up not taking because i thought to
[11:01 am] Ed : getting bounce in SPY close to support
[11:13 am] Ed : use smaller than normal position size if it [08:27 am] scalpman : Stopp b.e. on RHT...stopped...
[08:28 am] scalpman : lots of support at 523.90
setsup
[08:28 am] scalpman : 53.90
[11:25 am] Ed : IHS still strong [08:28 am] scalpman : and of course it now dropps...arrrrrgh
[11:34 am] Ed : nice bounce in SPY [08:29 am] qwert : sorry scalp
[12:06 pm] Ed : out all IHS short [08:30 am] eyes %: do i have to buy it QWERT
[08:30 am] scalpman : well not a loss...at it still holds at .90...I think
[12:25 pm] Ed : getting pullback in SPY may still break at some point.
[01:01 pm] Ed : have an awesome weekend [08:31 am] qwert : i think i got it free eyes have had it for a while
[08:31 am] qwert : maybe a 1.00
[08:32 am] eyes %: thanks
[08:32 am] qwert : so far the only way i have been able to run
adobe flash on the ipad
[08:35 am] eyes %: How are you doing Apple
[08:39 am] apple : great
[08:40 am] eyes %: good to hear
[08:42 am] qwert : nice call on AMRN mitch thx
[08:45 am] jsn13 : qwert, ho do u trade AMRN? where is ur entry?
[08:45 am] jsn13 : *how
[08:47 am] qwert : at 11:00 est
[08:47 am] qwert : 12.40 only 6 cent risk to low
[08:48 am] garyb : I like your style Mitch! Gooo UVXY!
[08:48 am] eyes %: nice
[08:49 am] garyb : Who's cheering for Germany today??
[08:50 am] eyes %: see you all later
[08:50 am] apple : taking a break, robert just got up -- ahhhh,
summer vacation.... it's great to be 10. need to fix breakfast...
[08:51 am] jsn13 : ok thanks qwert....if u have time can u explain
abit on why u take it long even it shows steady downtrend....thank....
[08:53 am] scalpman : Qeqrt RHT
[08:54 am] scalpman : Qwert
[08:54 am] qwert : at support on daily and very small risk also finally
2nd green candle on 2 min
[08:54 am] qwert : hahaha onrht
[08:56 am] scalpman : RHT re-entry @ 53.97
[08:57 am] scalpman : Might break to 53.50 200 ema
[08:58 am] jsn13 : thanks qwert...it also broke the downtrend
line....nice explanation.....have u out half on AMRN?
[09:02 am] scalpman : stopped in the green...All told a whopping
$31.65 on RHT...I should read book instead
[09:02 am] scalpman : .i.e. probablynot the best trade.
[09:03 am] scalpman : Time to go folks...a green day....and and
green week.
[09:03 am] Ed : yes, SPY in tight range
[09:04 am] qwert : nice scalp have a great weekend
[09:04 am] scalpman : I proved once again, that I have to forgo the
first 45 minutes...
[09:04 am] scalpman : I am not adept in that pace..
[09:04 am] Ed : green is good
[09:05 am] cdougan : nice work scalp
[09:05 am] scalpman : Yes...please about that after a rough week
before...
[09:05 am] scalpman : Tanks dougan
7

8. [09:06 am] scalpman : thanks qwert and mike. good ideas...and of
course Mitch and ED.
[09:06 am] scalpman : See you all Monday...
[09:06 am] jsn13 : at least u try scalp....have a great day....
[09:06 am] Ed : c ya scalp
[09:06 am] scalpman : Thanks apple. You are always encouraging.
[09:07 am] scalpman : One more thing...I am trying to post
entries...and follow my trades actions. Don't know that is helpful...as
you are all watching your own stuff.
[09:08 am] scalpman : And I know we all like to put out a price
when our trade is well in the green...so that we look good.
[09:08 am] cdougan : Hey Ed, Had a question on HNR when you
have a moment
[09:09 am] Ed : i am free
[09:09 am] scalpman : but I think it is a better discipline to post your
actions if you can. I'd like to see what you trade and jump on board
if an opportunity arises
[09:09 am] scalpman : give it some thought.
[09:09 am] cdougan : Looking at this intraday reversal....
[09:10 am] cdougan : seemed like a high probability short
[09:10 am] scalpman : Scalpman has left the building!
[09:10 am] cdougan : wondering if the reversal was easy for you to
see and look to get long. Or if it was more of a lower probability
trade.
[09:11 am] lisas : bye all, heading out of town, have a great
weekend!
[09:11 am] Ed : yes, prices 10 and under u can use single numbers
as potential support/resistance and it has been having trouble with
that 9ish price
[09:12 am] Ed : So, when open had issues with 9, and it also
bounced off of that 8ish area
[09:13 am] Ed : so provided both long/short opportunities
[09:14 am] cdougan : yes. I could see the short. But wasn't flexible
enough to start hinkong long when it couldn't break down below 8.20
ish
[09:14 am] Ed : so keep thos factors in mind, for me it would be high
probablity short this am, and when sold off down to 8ish area for
potential long
[09:14 am] cdougan : ok thank-you
[09:15 am] Ed : right 8.05 was lod, but even with using those single
digit numbers as potential support/resitance u want it to setup for
you a signal
[09:15 am] Ed : safe travels lisa
[09:16 am] Ed : It takes some practice to learn to be flexible
[09:17 am] cdougan : yes. Especially for thos gap plays when I look
at them in the AM.
[09:17 am] cdougan : I have something that I think... what happens
is usually a different story
[09:17 am] Ed : ARNA that u pointed out early was great one as well
as the numbers coinciding with ma on daily
[09:18 am] cdougan : yeah that was a good one. I wal looking it for
it to bounce of premarket lows.
[09:18 am] Ed : I agree, I think I am superman, then reality sets in
[09:18 am] cdougan : instead it sold off hard and there were some
good trading opps
[09:18 am] Ed : yes
[09:19 am] cdougan : ha yes. my expectations get in teh was of
looking at it objectively.
[09:19 am] cdougan : get in the way rather
[09:20 am] jsn13 : Ed, did u make any trade on ARNA? did u
manage to ge the short below the premarket low?
[09:20 am] Ed : it happens, have to work on getting those cold veins
when it comes to trading
[09:20 am] Ed : did not trade it, was busy with others
[09:21 am] cdougan : thanks for your insight Ed
[09:21 am] jsn13 : the thing is that do we have enough time to
8

9. execute the short? dropped 3.50 in 1 min....how bout the
bounce?did u trade it?
[09:22 am] cdougan : It sold off really fast Jsn.
[09:23 am] cdougan : the bounce and then the short of the bounce
seemed like they were actionable trades.
[09:23 am] cdougan : or were actionable trades.
[09:24 am] Ed : did not see chart until 9:37
[09:26 am] jsn13 : ok thanks....cdougan, it looks like there were
some opportunities....but abit too risky for me....
[09:27 am] cdougan : Thats all for me. Thanks everyone for the
calls. And have a great day. Good luck with the rest of the day.
[09:27 am] Ed : c ya cdougan
[09:28 am] jsn13 : bye cdougan...
[09:49 am] eddy : ARNA
[09:56 am] qwert : PVH consolidation for 2 hours tight range
[09:58 am] apple : ready for a breakout?
[09:58 am] apple : SPY same
[09:58 am] qwert : got alerts set both ways
[09:59 am] apple : i need to set alerts in TS
[10:00 am] qwert : apple you like ts better than lightspeed
[10:00 am] apple : yes, so far, new stuff to learn, love the desktops
and workspaces, actually
[10:00 am] apple : right now, looking how to put in alerts
[10:01 am] qwert : can you execute orders the same way and use
hot buttons to bump
[10:01 am] apple : i am using the matrix right now
[10:02 am] mikewd2 -: i use the matrix mostly apple, but did do chrt
trading today also
[10:02 am] qwert : is that trading off the chart im not familiar with ts
at all
[10:02 am] apple : haven't gotten there yet mike. how do i set an
alert?
[10:02 am] apple : SFLY hod
[10:03 am] mikewd2 -: from chart or ?
[10:03 am] mikewd2 -: in chart - i add horiz line and place alerton it
[10:03 am] mikewd2 -: you can on trendlines, etcetc.
[10:04 am] apple : i see it's under format... i was looking for it to say
alert, thx
[10:20 am] mikewd2 -: FST pushing 7, nice recovery from lod
[10:25 am] jsn13 : FB breakout...above 33....missed it...
[10:25 am] apple : everything a little flat this afternoon
[10:28 am] apple : i keep forgetting to ask, i can only see about a
third of the MLNX chart, how can i adjust it
[10:29 am] mikewd2 -: middle button unde desktop sharing
[10:29 am] mikewd2 -: fit, no fit button
[10:31 am] apple : still have some gray space above, is that correct
[10:33 am] Ed : sorry apple, can't help, I only understand woman
and stocks
[10:33 am] apple : lol, you know, that's all you need E!!!!
[10:33 am] Ed : lol
[10:36 am] jsn13 : ed, what a nice breakout in FB...did u get it?
[10:36 am] Ed : I still had 1/4 left from breakout this am
[10:37 am] apple : @ym
[10:38 am] apple : wrong screen
[10:38 am] jsn13 : U knwo what is patience when u knwo that ed is
still holding his last 1/4 from am....
[10:38 am] jsn13 : *know
[10:38 am] Ed : I tend to forget my last 1/4 at times, thats when it
really pays off, if I pay attent Im out
[10:38 am] jsn13 : good trade ed....i took all of in the am...thanks
ed...
[10:39 am] qwert : same here better to just look every 30 mins or so
[10:39 am] Ed : u know they say the Lord looks after fools
sometimes also, not calling myselff fool just speaking in general
[10:40 am] apple : haha, true...
[10:43 am] qwert : yep thx mk
9

10. [10:47 am] murano : LCC
[10:50 am] apple : thx murano
[10:57 am] jsn13 : haha agree ed....
[10:57 am] jsn13 : qwert do u still have half position iin AMRN long?
working very well...
[10:58 am] qwert : 1/4 left on amrn
[10:59 am] victor51 : Murano, I was looking for trade but missed it.
What scanner do you use
[10:59 am] jsn13 : may i know where do u took off ur 1/2 and 1/4?
[10:59 am] murano : Lightspeed
[11:00 am] qwert : 1/2 at 1% and 1/4 at vwap
[11:01 am] jsn13 : well done qwert! thanks....
[11:01 am] qwert : murano which scanner on lightspeed
[11:02 am] murano : Ticker alert
[11:02 am] qwert : nice do you have it filtered
[11:03 am] murano : I use two boxes, one for risers and one for
fallers
[11:04 am] qwert : thx
[11:08 am] qwert : murano, i have that scan on to but sometimes
goes to fast trying to not get so many alerts
[11:09 am] murano : I look for back to back prints and then check
for increase in volume
[11:11 am] qwert : okay thx
[11:12 am] murano : You will see more back to back prints if you
split it into two boxes
[11:12 am] qwert : okay will try that thx
[11:14 am] murano : IVN
[11:19 am] apple : TS is driving me crazy. what is the symbol for
the VIX -- it's not$VIX
[11:21 am] aussie123 : Apple I use the VXX
[11:24 am] apple : sounds good, thx aussie
[11:32 am] garyb : or UVXY apple if you want to make it more
exciting! lol
[11:37 am] garyb : You might need to pay for the DATA feed
Apple....the symbol in Tradestation is $VIX.X
[11:41 am] apple : we are in a bad storm, and i am losing
connection here. thx MK, E and everyone. all have a great
weekend.
[11:41 am] Ed : c ya apple
[11:41 am] qwert : bye apple have a great weekend
[11:45 am] garyb : Bye apple!
[11:45 am] qwert : Ed have you traded ihs
[11:46 am] Ed : yes not looking for much
[11:47 am] qwert : yeah spy not helping
[11:47 am] Ed : exactly
[11:53 am] Ed : the long had more money on IHS, jason was
supposed to be wathching for us on breakout
[11:59 am] qwert : there goes ihs :)
[12:00 pm] Ed : finally got the drop
[12:05 pm] Ed : too funny last 1/4 is for the impatient
[12:06 pm] skydiver : thnx Ed for IHS - jumnped on at 107.33 - went
against me for a bit, but came down -- thnx :) out Short
[12:07 pm] Ed : nice trading sky
[12:07 pm] skydiver : was sweating it a bit -- a bit :)
[12:07 pm] jsn13 : haha i missed it either....got tricked and lost
some money on short b4 it broke out....
[12:08 pm] Ed : u can change ur pants to sky, been there b4. LOL
[12:08 pm] skydiver : ha ha Ed :)
[12:08 pm] skydiver : yeah - wiping my brow too!!
[12:08 pm] Ed : lol
[12:09 pm] jsn13 : but overall today was a good day for me.....had 7
trades....4 winners, 3 losers(2 tiny losers).....best day of the week....
[12:11 pm] Ed : nice going jason, just have to work on being more
consistent and getting that win % up
[12:11 pm] Ed : its like gold, always working on the game
[12:11 pm] Ed : gold=golf
10

11. [12:11 pm] jsn13 : thanks ed....reduce my number of trades and had
better result....
[12:12 pm] Ed : only told you like 1.......................times lol
[12:13 pm] eyes %: hy guys and gals
[12:13 pm] jsn13 : now that i learned more, the turning points for
both reversals and breakouts look more obvious.....
[12:13 pm] Ed : hey eyes
[12:13 pm] Ed : just never anticipate
[12:14 pm] jsn13 : yup...check all the compoenents that u taught me
and see if i have the edge....
[12:14 pm] Ed : thx for ur pressence eyes
[12:14 pm] skydiver : hey eyes
[12:14 pm] Ed : and the room clapped bcuz eyes is here
[12:15 pm] jsn13 : juz focus on very high probability trades...
[12:15 pm] Ed : right
[12:18 pm] Ed : this is what I said 3 years ago
[12:18 pm] Ed : and now
[12:19 pm] Ed : I think Im having too much fun
[12:22 pm] victor51 : Jason, Nicely day. i came late and just took
some good trades and some mediocare
[12:25 pm] jsn13 : Ed, may i knwo where u entered IHS
short?learning to see how u evaluate shorts thta broke new high....
[12:27 pm] jsn13 : from what i learned from u, i might take it short
2.34 bar...then i would have 3 signals....to confirm the top....
[12:27 pm] Ed : 2:33est, normally I do not short new 52w, highs, this
one was barely new 52w high, so was small on size
[12:29 pm] Ed : as long as ur getting topping action u have a chane
at getting entry does not have to be same as mine
[12:31 pm] Ed : good entry
[12:36 pm] victor51 : Ed what do you contribute to your perfect short
entry st 2:33
[12:37 pm] jsn13 : ok i see...did not take it short...cos i think the
profit potenital is not as big as i want....thanks for the eplanation...
[12:38 pm] Ed : would not call it perfect entry
[12:38 pm] jsn13 : but i like ur entry ed, u had good price entering at
that bar....
[12:39 pm] jsn13 : greatly improve ur risk to reward ratio...
[12:39 pm] Ed : but as far as my entries it has to do with me seeing
the action, and if I see setup, I take a position withought any
hesistation
[12:40 pm] Ed : So, more than anything that is my key, no thinking,
just acting when I see patterns
[12:41 pm] jsn13 : so the left brain is not allowed to work?
[12:41 pm] Ed : And when I am wrong, Im wrong small, I dont sit and
hope, if it feels like its going against me, Im out
[12:42 pm] Ed : Right brain helps in keeping with structure of my
strategy, plan
[12:42 pm] victor51 : Ed, But how did you know that higher high at
11:32 was the last one
[12:43 pm] Ed : but right by allowing left brain to take over with
visuals of charts and what I see cuts down on time for say person on
opposite side of trade who has to think about the trade
[12:43 pm] Ed : I dont know
[12:43 pm] Ed : Thats where placing stop, puttin on trade comes in,
[12:45 pm] Ed : Its just fact that I have seen this chart also 1000;s of
times, this one in particular is topping action, so I look for clues, How
is stock positioned on daily, how is price moving, is it moving with
without vol.
[12:46 pm] Ed : I wish I could tell u if a trade would work, but I trade
in probabilites
[12:47 pm] Ed : I would not have had 3 lossers today of my 14
trades
[12:47 pm] skydiver : excellent lesson Ed :)
[12:48 pm] go4it : Thank you Ed
[12:49 pm] Ed : See as an example my 3 trades I lost on avg $71.
So, I know if I stick with trading plan, take all opportunities that show
11

12. up, my winners will more than make up for my lossers
[12:51 pm] Ed : Also, when I go into a trade wherever my stop is say
its a .30 stop and Im trading 1k shares, Im thinking this trade is
costing me $300 to find out if it will work out. I enter the trade and
manage it based on what market is offering
[12:51 pm] skydiver : I like your thinking Ed . . . need to work on that
:)
[12:52 pm] victor51 : hanks ED. Pricing Vs volume is very tricky.
[12:52 pm] Ed : So, if I get stopped, no biggie, it cost me $300 to find
out. Now at night I will see how can I improve on that as well as my
winners
[12:53 pm] qwert : good bye everyone have a great weekend cya
all monday morning, thx for all the great calls this week
[12:53 pm] Ed : It is Victor, thats why when u see for example trades
we take or talk about go back and study and see how those patterns
look. Study them as much as you can, ie toppy action, reversals,
breakouts,etc
[12:53 pm] Ed : see ya qwert
[12:54 pm] skydiver : bye qwert - have a great week-end
[12:55 pm] Ed : now that 2nd opportuinty, I missed on IHS see how
it setup for 2nd short u got that lower high
[12:56 pm] Ed : And it offered lot more than the 1st short,1st one
was little tougher, but not 2nd one
[12:58 pm] Ed : wish we had more time IHS nice setup for potential
long
[12:58 pm] Ed : no time though
[12:58 pm] Ed : only 2min left
[01:00 pm] jsn13 : thanks ed for the lesson and bye guys....have a
great weekend....
[01:00 pm] Ed : see Victor,others thats what u study, alll these
charts
[01:00 pm] victor51 : Ed, I will study with a use of magnifying glass
for today's trades
[01:00 pm] Ed : lol
[01:00 pm] skydiver : thnx Ed - more studying time this week-end on
charts :) See you all Monday
[01:01 pm] Ed : c ya sky
[01:03 pm] victor51 : Thanks Ed for great learnings and lot more to
come. Good night everyone.
SWI (SWING): 2-7 days INT: Intermediate term position 8 days to several months. Open Price: price paid on opening
long position or price sold on short position. Bold notes on table above represent changes from previous day.
Current positions are highlighted in yellow. Green colored lines are next probable positions to consider. Red, take action
or watch closely, no color usually were stocks just finished trading or are watching. Realize that opinions about stock
ideas can be changed at a moment’s notice during any trading day without any warning!
IMPORTANT: The notes in this stock list is how I have been writing notes to myself about stocks for 17 years. They are general
guidelines as to how I am approaching a particular stock and conditions may change during the next trading day that ay cause a
change in opinion before the next evening report is written.
Remember not to get too heavy in one sector and gradually move in because it is unrealistic to think we get the exact bottom. We want
to gradually move into this sector and eventually build full size long positions in them that may be swing trades lasting for days or
intermediate trades lasting weeks.
If you spend too much money too quickly, you will run out of ammunition, then get emotionally stressed when stocks are going against
you. If you get too leveraged you may be forced to sell at a loss because you are racking up losses at twice as fast if you are margined
2 to 1and then miss the big move up we are looking for in oil and gas stocks.
Advice: Don’t get leveraged in any one position long or short. Spread your money out between a variety of stocks and the higher
amount of money you are working with, the smaller percentage of money you can afford to trade in one stock position. The main
reasons why people fail to make money in stocks consistently (according to Mitch King):
1. They are too emotional, controlled by greed and fear.
2. Not using a high probability technique to buy and sell (or no technique at all!)
3. Position size is too big in one stock relative to total account value (which is related to #1 above).Not patient or willing to spend enough time to
learn a good trading technique.
4. Expectations are unrealistic to make large amounts of money in a short time period and at the same time violating #1, 2, 3 or 4 above.
12

13. 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.
Stop losses: Many people ask about stop losses on intraday trading and my response is that the stops should be wider because they
are stops “just in case” a disaster news event hits the stock. When you follow the technical indicators as I show you on the intraday
scalping tutorials, rarely will a stop loss be hit. The indicators can be used with uncanny accuracy as a forecasting tool so don’t set
your stop losses on the intraday scalping too tight.
Anyone setting tight stops while scalping will consistently lose money on scalping because stocks move around a lot even though they
follow the technical indicators.
Stop losses on swing and intermediate term trades can be sent anywhere from 5-7-10% and trailing stop losses are best.
More 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.
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 several stocks from the same sector are listed, like from the housing industry or steel 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).
Also note that we are in what Martin Pring, PhD explains in his book The All-Season Investor, the business cycles and which one is
good for various financial investments. He would describe that we are in Stage II of the business cycle which is positive for bonds and
stocks but negative for commodities. Sometime in late 2011, we probably approach Stage 3 business cycle with rising inflation and
interest rates, which are usually bad for stocks and bonds.
A couple of technical analysis books you should consider:
Technical Analysis Explained, Martin Pring.
Technical Analysis from A to Z, Achelis
Technical Analysis for the Financial Markets, John Murphy.
Put the odds in your favor and have a great day!
Mitch King and staff
TradeStocksAmerica.com.
Contents: online stock trading, trading strategies, stock picks, stock market education, stock market investing course, educational stock
trading videos, stock trading newsletter, stock market newsletter,
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to
its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers
are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may
change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks
cited above before or after this newsletter is prepared. Use the stock table above as a model portfolio of ideas that look attractive at the
time of the writing. Comments can be hypothetical in nature. Opinions expressed in these reports may change without prior notice.
Disclaimer - Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the
opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report,
The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to
accept the risks when investing or trading in any financial markets. Don't trade with money you can't afford to lose. This website is
neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits
or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily
indicative of future results.
13