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Daily Stock Report Friday Morning, July 6, 2012

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Trading volume continued to be light and the US market indices were mixed on Thursday. Any direction in the market shouldn’t be used for any forecasting because it doesn’t mean anything this week. Tomorrow’s economic data and jobs numbers are important with emphasis on the Nonfarm payrolls and the unemployment rate. If we see the rate stay at 8.2% or increase, then markets probably head down next week, especially if we couple that with some negative headline stories out of Europe, which seems likely. The market may not react to its full impact in reaction to any news to the unemployment report tomorrow on Friday until next week when professional money managers return from the holiday week. I think the best strategy now is to start preparing for more of an extreme move in the markets that set up for a very high probability of making money. This isn’t a great time to be fully invested so keep positions small and continue to remain nimble. The hold time for stocks isn’t months but more like days and weeks.

REPEAT: With this holiday week, the trading volume is light so stock prices tend to move in exaggerated manner. The bias is to the upside this week and long positions should perform better than shorts. 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; Spain asking IMF for money now.

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; jobs market weak.

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. Money is flowing into US dollar, US Treasuries and German government securities.

13. US economic policy not repairing economy.

14. Current US president not strong leader; creating more debt

15. India economy sharply pulling back now; just starting to hit news.

16. No serious discussion on US budget among politicians; Bernanke warns this as biggest fiscal cliff.

17. French President Hollande leaning heavily to the left toward spending and increasing taxes; not working well with Germany’s Merkel.

18. Healthcare costs and tax structure for US companies unclear; US Supreme Court decision due week as late as Thursday 6-28-2012.

19. France being suggested as next European country to have financial problems.

20. Low volume summer trading.

Summary Opinion With this holiday week, the trading volume is light so stock prices tend to be exaggerated. The bias is to the upside this week and long positions should perform better than shorts.

Calendar (All Eastern times) Monday, 1000am, ISM Index, 52.2 (>50 is expansion) Monday, 1000am, Construction spending, 0.2% Tuesday, 1000am, Factory Orders, 0.4% Tuesday, 200pm, Auto and Truck Sales, 4.7M & 5.9M Thursday, 700am, MBA Mortgage Index, -7.1% Thursday, 730am, Challenger Job Cuts, 66.7% Thursday, 815am, ADP Employment Change, 105K Thursday, 830am, Continuing Unemployment Claims, 3.283K Thursday, 1000am, ISM Services, 53.0 Thursday, 1100am, Crude Inventories, -0.133M Friday, 830am, Nonfarm Payrolls, 100K Friday, 830am, Unemployment Rate, 8.2% Friday, 830am, Hourly Earnings, 0.2% Friday, 830am, Average Workweek, 34.4

Follow-up notes: ROST, Ross Stores is selling off the last two days on the publicity of discount stores are over-priced. ORLY, O’Reilly Auto Parts. If you are long this stock after the big haircut on their earnings warning, try to get higher prices to sell next 1-2 days. MNST, Monster Beverage is breaking down. Consider selling on a little rebound. Usually this means the momentum will start to come out of this and direction change to downtrend.

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Focus Chart: (Worden Telechart 2007-Download FREE on home page of www.TradeStocksAmerica.com.) WLP, Wellpoint. Watching for long entry next 2-3 days.

SUPN, Supernus Pharmaceuticals moved from $5.85 to $15.09 in one day last week and has substantial downside profits on the short side if you are able to find shares to short. This hit $8.70 on Monday’s low; looking for below $8 but be flexible.

Scalp of the day from Trading Room: (all eastern times)

VC, Virnetx had a short with a 6% potential profit today. Light volume but good movement in stocks.

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) MRX, Medicis Pharmaceutical. Consider small long position. BK, The Bank of New York Mellon. Consider small long position. ECL, Ecolab. Consider small long position. GWRE, Guidewire. Consider small short Friday. RNF, Rentech Nitrogen. Monitoring for potential short next 1-3 days. CANCEL

Intermediate Trade Ideas: (weeks to months) ERJ, Embraer Aircraft. Consider small long position. KSU, Kansas City Southern. Consider small long position. VC, Visteon. Consider small long position. GRA, WR Grace. Consider small long position. PEP, Pepsico. Consider small long position. HIG, Hartford Financial. Consider small long position. GRMN, Garmin. Consider small long position. PPO, Polypore. Consider small long position. EXR, Extra Space Storage. Consider small long position. NXTM, NxStage Medical. Consider small long position. LEAP, Leap Wireless. Consider small long position. LXK, Lexmark. Consider small long position. WFM, Whole Foods. Consider small long position.

Aggressive Investors-Traders (Higher risk, higher reward) WLP, Wellpoint. Watching for long position next 2-3 days. SUPN, Supreme Pharmaceuticals. Bullshort. Consider small short, start in small increments. Study Bullshort chapter in Wizard Training course. HNR, Harvest Natural Resources. Watching for potential short, for aggressive investors. 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.

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Stock List Type

Notes Open Price Close

Price

CMGCMGCMGCMG, Chipotle Mex LONG-INT Closed all long position at 405, 236% avg. profit 163.49 367.18

MNST, MNST, MNST, MNST, Monster Bev. LONG-SWI CCCCllllosed osed osed osed TTTThhhhursday ursday ursday ursday for for for for 75% profit.75% profit.75% profit.75% profit. 42.69 74.7474.7474.7474.74

MO, MO, MO, MO, Altria LONG-INT Up elevator. 31.82

FNGNFNGNFNGNFNGN, Financial Eng SHORT-SWI Looking for 5% drop or more.Looking for 5% drop or more.Looking for 5% drop or more.Looking for 5% drop or more. 20.50

CHMT,CHMT,CHMT,CHMT, Chemtra SHORT-SWI Expecting to resume downtrend. 14.82 14.31

VCI, VCI, VCI, VCI, Volassis SHORT-SWI LLLLiiiikely kely kely kely to see drop if you are still short.to see drop if you are still short.to see drop if you are still short.to see drop if you are still short. 20.50 21.50

SHFL,SHFL,SHFL,SHFL, Shuffle Mast AGGSHORT Closed TClosed TClosed TClosed Thhhhursday ursday ursday ursday at at at at breakeven.breakeven.breakeven.breakeven. 14.25 14.2514.2514.2514.25

NBL, NBL, NBL, NBL, Nobile Energy LONG-SWI CCCCllllosed osed osed osed ½½½½ long position Tlong position Tlong position Tlong position Thhhhursday ursday ursday ursday for for for for 10.7%10.7%10.7%10.7% profitprofitprofitprofit 78.75

HUM,HUM,HUM,HUM, Human Health LONG-SWI Covered short TCovered short TCovered short TCovered short Thhhhursdayursdayursdayursday,,,, ----3%3%3%3%;;;; consider coveringconsider coveringconsider coveringconsider covering 78.81 77777777.24.24.24.24

TARO, TARO, TARO, TARO, Taro Pharm SHORT-SWI Closed short TClosed short TClosed short TClosed short Thhhhursday ursday ursday ursday for for for for 3% profit.3% profit.3% profit.3% profit. 37.35 36.5036.5036.5036.50

CNK, CNK, CNK, CNK, Cinemark SHORT-SWI Stopped Wednesday for 3.6% loss 21.69 22.50

RHT, RHT, RHT, RHT, Redhat SHORT-SWI Covered short Friday with 2.2% loss. 53.41 54.34

BEAV,BEAV,BEAV,BEAV, BE Aerospace SHORT-SWI Covered Tuesday for 5.5% profit. 43.42 41.00

SNI, SNI, SNI, SNI, Scripps Netw LONG-INT Approaching new highs 57.31

SHW, SHW, SHW, SHW, Sherwin Will LONG-INT Approaching new highs 133.10

ASIAASIAASIAASIA, AsiaInfo SHORT-SWI Breaking down last two days. 11.94 12.05

WAG, WAG, WAG, WAG, Walgreens LONG-INT Starting to move up. 29.33

HXHXHXHXLLLL, Hexcel SHORT-INT Covered Tuesday for breakeven.... 24.36 24.35

IAGIAGIAGIAG, IamGold SHORT-INT Small short position. 11.89

LAZLAZLAZLAZ, Lazard SHORT-SWI Covered Tuesday for 3.3% profit. 25.39 24.57

IMAXIMAXIMAXIMAX, Imax SHORT-SWI Covered Friday for 6.6% loss; consider covering 22.72 24.25

JAZZ,JAZZ,JAZZ,JAZZ, Jazz Pharma SHORT-SWI Looking for another 2-3 down days but reduce? 45.25

NSCNSCNSCNSC, Norfolk South SHORT-SWI Stop above 72.50Stop above 72.50Stop above 72.50Stop above 72.50 69.25

RBC, RBC, RBC, RBC, Regal-Beloit SHORT-SWI Covered Thursday for 3% profit. 61.48 59.77

DYDYDYDY, Dycom SHORT-INT Stopped Friday for 8.2% loss 17.18 18.60

QSII,QSII,QSII,QSII, Quality Systems SHORT-INT Stopped Friday for breakeven;;;; watch for short watch for short watch for short watch for short 26.54 26.54

COFCOFCOFCOF, Capital One SHORT-INT Covered for 6.6% loss. Consider covering. 51.74 55.00

RBS, RBS, RBS, RBS, Royal Bank SHORT-INT Covered Thursday for 15.5% profit. 7.43 6.44

HNRHNRHNRHNR, Havest Natural AGGRESSIVE Small short position. 8.91

SHOOSHOOSHOOSHOO, Steven Madd SHORT-INT Consider covering short next 1-2 days. 34.97 32.80

TIFTIFTIFTIF, Tiffany SHORT-INT Downtrend firmly in place last 2 months 51.64

LVLT,LVLT,LVLT,LVLT, Level 3 Comm. SHORT-SWI Should turn over. 21.6521.6521.6521.65

NFXNFXNFXNFX, Newfield Expl LONG-INT Covered Monday for 12.3% profit. 25.96 29.1529.1529.1529.15

CLBCLBCLBCLB, Core Labs SHORT-INT DANGERDANGERDANGERDANGER; consider covering short.; consider covering short.; consider covering short.; consider covering short. 113.50

FFIV, FFIV, FFIV, FFIV, F5 SHORT-INT Covered TCovered TCovered TCovered Thhhhursday ursday ursday ursday for for for for 4% loss.4% loss.4% loss.4% loss. 96.63 100.18100.18100.18100.18

RHT,RHT,RHT,RHT, Redhat SHORT-INT Looking Looking Looking Looking for pullback after small rebound.for pullback after small rebound.for pullback after small rebound.for pullback after small rebound. 54.15

SUPNSUPNSUPNSUPN, Supernus Phar BULLSHORT Monday’s low was $8.70; watch for cover price. 11.00

TLM,TLM,TLM,TLM, Talisman Enrgy LONG-INT Closed TClosed TClosed TClosed Thhhhursdayursdayursdayursday for 4% profitfor 4% profitfor 4% profitfor 4% profit;;;; consider selling.consider selling.consider selling.consider selling. 11.54 11.9011.9011.9011.90

LXKLXKLXKLXK, Lexmark LONG-INT Looking for more upside.Looking for more upside.Looking for more upside.Looking for more upside. 26.47

ICON, ICON, ICON, ICON, Iconix LONG-INT More upsideMore upsideMore upsideMore upside momentum momentum momentum momentum ThursdaThursdaThursdaThursdayyyy 17.60

PEPPEPPEPPEP, Pepsico. LONG-INT Approaching high. 70.34

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HIGHIGHIGHIG, Hartford Life LONG-INT Higher high Tuesday.Higher high Tuesday.Higher high Tuesday.Higher high Tuesday. 17.45

GWRE, GWRE, GWRE, GWRE, Guidewire SHORTSHORTSHORTSHORT----INTINTINTINT Small short position.Small short position.Small short position.Small short position. 27.6827.6827.6827.68

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 July 3, 2012 TSA Moderator Chat [06:54 am] Mitch K: i think i missed July 4th Ed, did I? still sitting at my desk computer [07:04 am] Ed : monitor TEVA for potential short in 41.01 area [07:38 am] Ed : looking for 55.4 on UNH short but be flexible [07:15 am] Ed : watch the 56.01 area on this boune in UNH [07:21 am] Ed : iniitiating small short in UNH with stop 56.01 [07:39 am] Ed : covering 1/2 UNH short [07:40 am] Ed : placing stop on other 1/2 at breakeven [08:29 am] Ed : covering 1/4 UNH short [06:06 am] Ed : good morning traders [06:08 am] Ed : Stock Market Closes at 1 est today [06:18 am] Ed : For anyone who trade bond futures, its normal hours [06:28 am] Ed : today will be thin, I would use smaller position size on trades today [06:34 am] Mitch K: watching GDI for top to short [06:34 am] Mitch K: watching FFIV for quick short [06:34 am] Mitch K: watching TRIP for bottom to buy, bouncy already [06:35 am] Mitch K: watching JWN for bottom to buy [06:35 am] Mitch K: watching NAV for top to short [06:35 am] Mitch K: oh man, it is really slow, i mean vol just gone, they went camping [06:38 am] Mitch K: monitoring PDCO for top to short, not big range of price though [06:39 am] Mitch K: watching VHC for top, best one so far [06:39 am] Mitch K: these are not great ideas yet, [06:39 am] Mitch K: watching ANR for top to short, take your time [06:40 am] Mitch K: watching SLW for top to short [06:40 am] Mitch K: watching FIRE for bottom, here is a good one to watch [06:41 am] Mitch K: monitoring COG, not developed yet [06:41 am] Mitch K: watching COH for bottom to buy [06:41 am] Mitch K: watching JCP for bottom to buy [06:42 am] Mitch K: crude oil on fire again [06:42 am] Mitch K: watching RIG for top [06:43 am] Mitch K: watching YUM for bottom [06:43 am] Mitch K: watching BTU for top to short [06:43 am] Mitch K: watching NOG for top to short [06:44 am] Mitch K: watching POT for top to shor [06:44 am] Mitch K: watching VRX for top [06:45 am] Mitch K: watching TMO for top to short [06:46 am] Mitch K: watching AMRN for bottom to buy [06:47 am] Mitch K: watching WLT for top to short [06:47 am] Mitch K: consider selling most of FIRE long [06:48 am] Mitch K: watchign AEM for top to short [06:48 am] Mitch K: watching ESV for top to short

July 3, 2012 TSA Chat [06:25 am] khall : :-) much easier to type [06:25 am] lisas : gm all [06:25 am] gregsemple2003 : haha, agree on the name g3 not bad [06:25 am] apple : hey lisa, gm [06:26 am] cdougan : Nice to meet Greg. I'm over on the west coast. Vancouver [06:26 am] lisas : gm apple! [06:26 am] doji : Crude oil up 4% [06:26 am] gregsemple2003 : oh vancouver, i've only been once but its gorgeous there [06:26 am] eddy : watchin OPK today [06:27 am] khall : hi lisa! [06:27 am] apple : loved vancouver and esp. victoria [06:27 am] khall : thanks eddy - up over 6% already [06:28 am] cdougan : it rains. [06:28 am] joeytsa : i dont see any volume on that one [06:28 am] gregsemple2003 : but hardly ever snows right? being an island an all [06:28 am] jsn13 : good morning all.....I'm currently studying in vancouver.... [06:29 am] cdougan : really jsn? UBC/SFU? [06:29 am] jsn13 : UBC [06:29 am] apple : gm jsn [06:29 am] cdougan : small world [06:29 am] cdougan : nice [06:29 am] khall : thanks Ed for the tip [06:29 am] joeytsa : agreed Ed [06:29 am] apple : thx E [06:29 am] jsn13 : cdougan, which part of vancouver are u at? [06:31 am] cdougan : GMCR [06:31 am] scalpman : SAM didn't open [06:32 am] khall : I noticed that [06:32 am] apple : gm scalp [06:32 am] joeytsa : yeah, they had gapped [06:33 am] skydiver : watching FIRE [06:33 am] apple : gm sky [06:33 am] skydiver : gm apple [06:33 am] skydiver : CRM dropped fast [06:34 am] Ed : esignal charts not working [06:34 am] Ed : have to reboot charts [06:35 am] scalpman : LQDT L @ 39.90 [06:35 am] joeytsa : probably wont come back until monday Mitch [06:37 am] Ed : anyone having issues with esignal [06:37 am] scalpman : Out 1/2 LQDT L [06:37 am] eddy : no application on screen now? [06:38 am] apple : eddy - E uses esignal and has a problem [06:38 am] joeytsa : ES still using 1360 as res..keep eye on that area

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[06:49 am] Mitch K: watching CLR for top to short [06:50 am] Mitch K: watching CCJ for top to short [06:50 am] Mitch K: watching CNQ for top to short [06:50 am] Mitch K: watching MCP for top to short [06:52 am] Mitch K: area [06:52 am] Mitch K: worth watching a low priced stock, NSPH today for long entry, waiting for pullback to 3 [06:52 am] Mitch K: MCP toppy [06:53 am] Ed : missed the breakout [06:53 am] Mitch K: watching GRPN for bottom [06:53 am] Ed : not sure will get, but monitor LNKD for pullback into 107.89 area to hold and take long [06:53 am] Mitch K: watching PCYC for bottom [06:54 am] Mitch K: consider covering GDI short [06:54 am] Ed : you did [06:55 am] Mitch K: monitoring NAV for 2nd helping short [06:55 am] Mitch K: still watching ANR [06:56 am] Mitch K: watching CNSL for bottom [06:58 am] Mitch K: still little more upside on FIRE long [07:01 am] Mitch K: other ag chemical stocks like AGU are IPI, MOS, POT [07:01 am] Mitch K: watching AGU for top to short [07:04 am] Mitch K: watching FOSL for bottom [07:05 am] Mitch K: consider selling TRIP [07:05 am] Mitch K: watching MPC for bottom [07:06 am] Ed : LNKD is consolidating and has base on base on 1min [07:06 am] Mitch K: watching NAV for 2nd helping short [07:07 am] Mitch K: watching NFLX for top to short [07:10 am] Mitch K: another run on FIRE not done yet [07:10 am] Mitch K: watching EL for top, everything taking longer [07:11 am] Ed : getting pullback in SPY [07:13 am] Mitch K: IPI toppy [07:14 am] Mitch K: turned over actually [07:14 am] Mitch K: POT toppy [07:14 am] Ed : monitoring UNH for short, [07:15 am] Mitch K: watching NKE for short on top of this bounce [07:21 am] Mitch K: looking for $45.50 area on WLT short [07:22 am] Mitch K: startring to monitor FIRE for short on top of this bounce [07:22 am] Ed : this is ADVANCED TRADE [07:22 am] Ed : will add if get break below 55.62 with vol [07:24 am] Mitch K: little more upside on MPC bounce, dont buy new position long, just if you have it already [07:26 am] Mitch K: MPC toppy here, consider selling [07:27 am] Ed : nice turn over in AG chemicals [07:35 am] Ed : I will not add to short if it breaks below 55.62, due to thin trading day [07:38 am] Mitch K: watching FOSL for bottom [07:56 am] Ed : getting slight pullback in SPY [08:09 am] Mitch K: watching VHC [08:33 am] Mitch K: watching GM [08:50 am] Ed : out all UNH short [09:13 am] Ed : getting little selling in markets [09:20 am] Mitch K: watching TSCO [09:35 am] Mitch K: watching PMTC [09:41 am] Mitch K: watching CHKP [09:42 am] Mitch K: watching CIE [10:00 am] Ed : have an awesome day, see you on thursday [10:01 am] Mitch K: Happy 4th traders

[06:38 am] apple : i am joey, thx [06:39 am] joeytsa : :) [06:39 am] scalpman : higher hi LQDT [06:39 am] joeytsa : yeah scalp, testing prev hi here [06:39 am] scalpman : not quite yet almost [06:40 am] joeytsa : nice bounce on CRM [06:40 am] skydiver : :) [06:41 am] joeytsa : oil is running [06:41 am] mikewd2 -: yeah! [06:42 am] skydiver : nice mike :) [06:42 am] joeytsa : probably more due to ME fears than global upturn [06:42 am] scalpman : OUt another 1/4 LQDT L [06:43 am] joeytsa : crude hit res @ $88..watching here [06:44 am] Ed : test [06:44 am] Ed : test [06:44 am] apple : he's back... [06:44 am] joeytsa : we see you [06:44 am] joeytsa : you look younger now :) [06:45 am] joeytsa : ES quick move up and over 1360 [06:45 am] mikewd2 -: materials strong today [06:45 am] Ed : thx [06:45 am] joeytsa : nice on FIRE Mitch [06:45 am] scalpman : all out LQDT L...mismanaged that last stop...oh well... my first gapper Ed [06:46 am] joeytsa : way to go scalp !!! [06:46 am] scalpman : Thanks for the gapper Joey... [06:46 am] Ed : nice scalp [06:46 am] joeytsa : i have a doc in the facebook group...check it out sometime [06:47 am] scalpman : MDVN was good too [06:47 am] scalpman : and ROSE... [06:48 am] joeytsa : hardest thing with gaps is choosing your play...fade,follow,wait for pullback then go [06:49 am] joeytsa : get your plan set, then you wont ever have to 2nd guess yourself [06:49 am] doji : ? [06:50 am] skydiver : out 3/4 of FIRE L - 48.05 - 49.16 [06:50 am] khall : great trade sky [06:50 am] skydiver : been watching it since 6:30am :) thnx khall [06:50 am] joeytsa : FIRE was nice, good job sky [06:51 am] apple : excellent job sky [06:51 am] skydiver : :) [06:52 am] joeytsa : BIDU near hod, might be tired, but still watching to see if it busts above 115 at some point [06:54 am] mikewd2 -: WFT needs to push thru 13 [06:57 am] joeytsa : PXD, nice move, pullback to suppor, might tryfor highs [06:58 am] skydiver : thnx Mitch on FIRE - still have last 1/4 in fire with trailing stop [06:59 am] apple : great call on FIRE [07:00 am] doji : Hey Mike, are you already positive on your WFT position? [07:00 am] joeytsa : factory orders coming out [07:00 am] mikewd2 -: up 0.7 [07:00 am] mikewd2 -: yes doji on WFT [07:00 am] doji : Greta! Oil over 5% today [07:01 am] joeytsa : watching SSYS [07:01 am] mikewd2 -: took some profit on FST this morning also [07:01 am] eyes : SU [07:01 am] joeytsa : scratch that..too low vol [07:01 am] apple : ES over 1363 and moving, SPY hod [07:02 am] mikewd2 -: UVXY below 8 [07:02 am] mikewd2 -: VIX 16.34 [07:02 am] joeytsa : just looked at that mike..was arond 20 not long ago

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[07:03 am] skydiver : GM reports sales up in U.S. sales by 15.5% [07:04 am] eyes : Any Thoughts on SU [07:05 am] doji : I'll wait until oil stocks report in the next week, until then only day trading [07:05 am] doji : CLR [07:05 am] joeytsa : NFLX testing $70, GS testing $98 [07:05 am] mikewd2 -: I've also sold off some WFT calls that i bought [07:06 am] cowboyh : watching DV [07:06 am] doji : YEs Mike, better to take profits, don;t expect a spectacular report on oil stocks [07:07 am] doji : Breakout LNKD? [07:07 am] doji : HZNP [07:07 am] joeytsa : trail if long NFLX on break ofer $70 [07:07 am] doji : Nice bullshprt [07:07 am] mikewd2 -: improved economy, europe settling - oil will go back to 100 [07:07 am] mikewd2 -: but .... - haha [07:08 am] joeytsa : yeah but first the economy has to improve [07:08 am] joeytsa : but copper has moved up..good sign [07:08 am] doji : hahaha... oil just move on speculation [07:09 am] joeytsa : oil pulled back about 70cents from high [07:09 am] mikewd2 -: I'm speculating higher oil - lol [07:10 am] mikewd2 -: GMCR nice move today [07:10 am] mikewd2 -: HLF finally pushed up to 50 [07:10 am] doji : UVXY down anothet 6% today.... will start taking small positions here [07:10 am] doji : share by share [07:11 am] mikewd2 -: i bought some doji 7.96 [07:11 am] apple : 1 by 1 [07:11 am] doji : Nice Mike [07:12 am] skydiver : FIRE is treating my nice today [07:12 am] skydiver : me [07:12 am] joeytsa : AMZN in a 1pt range [07:12 am] doji : Did you post it Sky? [07:13 am] skydiver : yes -- 6:33 [07:13 am] mikewd2 -: nice SKY, didn't move on it [07:14 am] mikewd2 -: Toyota june sales up 60.3% [07:14 am] apple : thx mike [07:14 am] doji : below 55.35? [07:15 am] joeytsa : mike, is that TM # up from last month or last june? [07:15 am] mikewd2 -: versus estimtate [07:16 am] mikewd2 -: not sure compared to what [07:16 am] doji : up 60.3%? [07:16 am] mikewd2 -: sorry [07:16 am] joeytsa : just wondered, im guessing from last june [07:17 am] apple : probably because comparisons are usually comparing same qtr yr to yr [07:17 am] joeytsa : werent their sales down spring/summer from the earthquake [07:17 am] joeytsa : right apple [07:17 am] eyes : Ed what a day to start the new rule dont you think [07:18 am] Ed : today is as good as any [07:18 am] doji : What rule? [07:18 am] apple : what new rule? [07:18 am] joeytsa : rule 1 : dont lose money :) [07:18 am] doji : I must be drunk today... missing all the calls here [07:19 am] eyes : My new rule to stay in longer [07:19 am] joeytsa : rule #2 : never forget rule #1 [07:19 am] apple : what do you need doji? [07:19 am] doji : Need waht? [07:19 am] mikewd2 -: or rule #2 [07:19 am] apple : you're missing all the calls, what do you need [07:19 am] khall : maybe it's just an off day doji [07:19 am] apple : good one joey and mike

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[07:20 am] doji : Lees work and another monitor.... hahaha [07:20 am] joeytsa : off topic ; Andy Griffith died [07:20 am] mikewd2 -: out AMRN second long today - thanks Mitch [07:20 am] mikewd2 -: no way, bummer [07:20 am] apple : too bad, thx joey [07:20 am] apple : good job mike [07:21 am] eyes : I have 100 shares left on NOG any thoughts [07:22 am] mikewd2 -: short or long eyes [07:22 am] joeytsa : good stop point Ed, thats the prev lo [07:23 am] skydiver : all out of FIRE L [07:23 am] joeytsa : nice one sky [07:23 am] skydiver : :) [07:23 am] apple : great job sky [07:23 am] joeytsa : FFIV moving a bit [07:24 am] skydiver : yeah - one a day like FIRE keeps the poverty away! :) [07:25 am] joeytsa : FIRE paused at each pp and kept moving [07:25 am] doji : pp? [07:25 am] joeytsa : pivot point [07:25 am] apple : pivot point [07:25 am] doji : Thanks Joey [07:25 am] apple : maybe FIRE will fill the gap [07:26 am] joeytsa : never lost the 15ma, basically rode the 5ma up [07:27 am] scalpman : GOLD another good gapper about 6 minutes from open...was monitoring Joey's gap up list [07:27 am] doji : same as CLR Joey [07:27 am] joeytsa : look like they had slight pullbacks then followthru [07:28 am] eyes : SU was Nice [07:28 am] scalpman : yes...and they had closes very close (but above) the open... [07:28 am] cdougan : GRPN appreaching all time lows [07:29 am] mikewd2 -: watching AMRN for 3rd long entr [07:29 am] mikewd2 -: entry [07:29 am] joeytsa : yeah scalp, GOLD pulled back but held above the prev hi also [07:30 am] scalpman : MDVN actually started at yesterdays close...but it appears in pre-market as GAP down...interesting [07:30 am] joeytsa : yeah i listed that as a gap down [07:30 am] scalpman : I am attracted to this kind of trade often yield point or more over a longer time from (an hour or more). [07:31 am] scalpman : frame [07:31 am] rusty : F hod [07:31 am] Ed : sounds like someone about to tee off on golf course, complete silence [07:31 am] scalpman : sorry ...back to work [07:31 am] joeytsa : usually much quicker, but you can get whipsawed easily [07:31 am] apple : gm rusty [07:32 am] Ed : good afternoon rusty [07:32 am] rusty : gm [07:32 am] joeytsa : FFIV breaking out with some vol [07:33 am] apple : nice move on F from yesterday [07:33 am] scalpman : SAM eventually opened near previous close [07:34 am] scalpman : CAB was gapp down then rebounded above the open. [07:35 am] apple : BUD had a nice move from lod [07:35 am] joeytsa : no vol on CAB [07:35 am] joeytsa : same with SAM [07:35 am] doji : Watching LEN [07:35 am] rusty : GRPN lows [07:36 am] apple : MLNX took off [07:36 am] apple : watching LEN before doji, now it took off [07:37 am] mikewd2 -: stopped on SU long, 1% gain [07:37 am] apple : watching FOSL [07:37 am] joeytsa : nice mike

8

[07:37 am] eyes : 2 BE 1 Win 1 Small loss up +17 i am on a roll [07:38 am] mikewd2 -: lunch money! [07:38 am] apple : good job mke [07:38 am] skydiver : very good mike [07:38 am] joeytsa : as long as you are up eyes [07:38 am] eyes : yup [07:40 am] apple : thx E [07:42 am] rusty : HZNP doji [07:42 am] rusty : PCYC lod [07:42 am] apple : ES over 1365 [07:43 am] rusty : AUXL radar quite the daily chart [07:44 am] apple : watching MNST [07:45 am] eyes : Watching BTU [07:50 am] scalpman : support at 70 on new low [07:52 am] sakii : Watching SXCI [07:52 am] eddy : Watching OREX [07:52 am] eyes : BAss Might be something to look at [07:52 am] eyes : BAS [07:53 am] mikewd2 -: missed the 3rd AMRN long [07:54 am] apple : EEP [07:56 am] doji : Pullback? [07:57 am] Ed : yes we got slight pullback. from highs [07:57 am] doji : H=1366, now=1365.5 [07:57 am] Ed : hence slight [07:58 am] doji : hahahaha... [07:58 am] Ed : slight= small, thin trading day. :) [07:58 am] eyes : ANF 3 Min chart any thoughts [07:58 am] apple : lol doji, a pullback is a pullback [07:58 am] Ed : ur funny man doji-man [07:58 am] doji : You are3 absolutely right... [07:59 am] doji : You are the mad Ed... you know I appreciate you [07:59 am] doji : man [07:59 am] Ed : mad ed, LOL [07:59 am] doji : Ed [07:59 am] doji : Ed "El Loco"... hahaha [07:59 am] apple : now, that is funny [07:59 am] apple : lol [07:59 am] Ed : lol [07:59 am] apple : ed loco [08:00 am] skydiver : well - time is up for me - and too many phone calls this morning I had to take. But . . FIRE was nice. Happy 4th of July all :) [08:00 am] Ed : see sky [08:00 am] apple : same to you sky, have a safe fun holiday [08:00 am] Ed : see u later sky [08:00 am] eyes : FOSL wanting to break con [08:00 am] doji : Bye Sky and thanks for posting FIRE even though I missed it [08:00 am] cdougan : take care sky [08:00 am] khall : see you Thurs sky [08:00 am] apple : today is too funny [08:00 am] skydiver : :) [08:01 am] doji : Skidiver = El Escalador [08:01 am] apple : look at ARBA [08:01 am] doji : Apple = Manzana [08:01 am] doji : Ed = El Loco [08:01 am] doji : Joey = El Mafioso [08:01 am] Ed : scaling is off some [08:01 am] doji : hahahah [08:01 am] apple : doji is now on a roll... [08:01 am] doji : wowo ARBA [08:02 am] eyes : there is just no volume whatsoever [08:02 am] doji : only 30 cents drop.. scale misleading [08:02 am] Ed : yep [08:02 am] apple : el doji [08:02 am] mikewd2 -: yes doji

9

[08:02 am] mikewd2 -: big vol spikes [08:03 am] doji : No translation for Doji... mi wife call me "pocas pulgas"... which mean something like "I have little patient for msitakes".... [08:03 am] doji : hahaha [08:04 am] Ed : good one [08:04 am] eyes : They call me motorcity en la cola [08:05 am] Ed : lol [08:05 am] eyes : that means i cant sit still [08:05 am] doji : ? [08:05 am] doji : hahahaha [08:05 am] mikewd2 -: taking profit on UVXY in 7.96 out 8.20 [08:06 am] doji : No way Mike... are you leaving me alone? [08:06 am] eyes : fosl moving up slow [08:06 am] mikewd2 -: yeah, will reload if it drops back to 8'ish [08:06 am] doji : I now for sure Gary has 1M shares on UVXY.... that is why he is so quiet these days... [08:06 am] mikewd2 -: yep [08:06 am] joeytsa : just as long as he doesnt have them from 19 [08:06 am] mikewd2 -: he has to be hurting [08:07 am] doji : HE is the way he is.... "un loco" [08:08 am] doji : LEN trying to breakout [08:08 am] mikewd2 -: this is short trading day, correct? [08:08 am] joeytsa : yeah mike [08:08 am] Ed : yes [08:08 am] apple : yes mike until 1 EST [08:08 am] qwert : bye everybody in kona cant really post to easy on the ipad gonna go to sleep have a great holiday thx for some great calls [08:08 am] mikewd2 -: ty [08:08 am] doji : WFT, SLB moving Mike [08:08 am] eyes : ANF getting close to hod [08:08 am] Ed : c ya qwert [08:08 am] lisas : bye qwert [08:08 am] mikewd2 -: WFT finally broke 13 [08:08 am] eyes : Have fun QWERT [08:08 am] cdougan : later qwert [08:08 am] mikewd2 -: nice [08:08 am] joeytsa : Ed posted a 1pm EDT close today [08:08 am] khall : bye qwert [08:09 am] doji : Bye QWERTYyuiopasdfghjklzxcvbnm [08:09 am] apple : qwert have a safe fun holiday [08:09 am] doji : Send me a e-mail if I missed a letter [08:09 am] apple : el qwert [08:09 am] doji : El Teclado [08:09 am] apple : haha doji [08:09 am] apple : the el family [08:10 am] doji : By the way, Doji's family just landed in Houston right on time to celebrate July 4th during vacation time [08:10 am] apple : doji, where is shark since you last saw him in peru [08:10 am] joeytsa : very nice [08:10 am] doji : Doji staying alone in Rio.... on the beach with a cooler full of beer [08:10 am] doji : Shark? [08:10 am] apple : looking at chicks [08:10 am] apple : yes, shark [08:10 am] doji : Ed.... do you want to kne what happened with Shark afetr our last party in the disco? [08:11 am] doji : IS Lisas here? [08:11 am] Ed : please tell [08:11 am] apple : yes [08:11 am] apple : lisa was here earlier [08:11 am] doji : hahaha... No, I don't want to cause a future wedding [08:11 am] doji : what happens with Doji stay with Doji

10

[08:11 am] apple : ok [08:11 am] Ed : lisa has company [08:12 am] Ed : she is busy entertaining [08:12 am] doji : so Ed, better you ask your wife for more than a week in Rio... one week to stay with Doji and the other two weeks... lost like Shark! [08:12 am] eddy : will go toss some frisbee [08:12 am] eddy : see you in 2 hrs [08:12 am] Ed : lol [08:12 am] apple : haha [08:13 am] apple : eddy, the market closes in 1:45 min... [08:13 am] joeytsa : im trying to confirm some #'s on france, but check these. [08:13 am] apple : doji, at least it's not a future divorce [08:13 am] joeytsa : new tax rate of 45% for the wealthy.. [08:13 am] Ed : ouch [08:13 am] joeytsa : incomeover 1M euro 75% [08:14 am] apple : why not half? [08:14 am] mikewd2 -: good thing we are not wealthy [08:14 am] doji : Better I stay in Rio.... no taxes! [08:14 am] apple : haha [08:14 am] doji : well no taxes on my trades [08:14 am] khall : wow - that's one crazy tax rate [08:14 am] joeytsa : capital income at same level as wages.. [08:14 am] apple : we'll all move to rio [08:14 am] joeytsa : raise taxes for large companies,banks and oil firms [08:14 am] mikewd2 -: sounds good apple [08:14 am] doji : Nope... the connectivity sucks!... [08:14 am] mikewd2 -: have a little trading group on the beach [08:15 am] apple : sounds delightful [08:15 am] joeytsa : has anyone seen that about france? [08:15 am] mikewd2 -: FST, WFT, SLB hod [08:15 am] cdougan : JSN you around? [08:15 am] apple : no joey have not, thx [08:15 am] apple : jsn was here earlier [08:16 am] jsn13 : yup im here.... [08:16 am] jsn13 : anything cdougan? [08:16 am] joeytsa : jsn too busy on facebook haha [08:16 am] jsn13 : oooppppssss got caught.... [08:16 am] jsn13 : haha.... [08:16 am] joeytsa : i see all hahaha [08:17 am] apple : joey and his crystal ball... -- market closing up today? [08:17 am] doji : I am taking profits all SLB abd WFT Mike, they have moved a lot from the bottom.... [08:18 am] cdougan : yeah I didn't awnser you question. I live in the lower mainland. Port Moody [08:18 am] joeytsa : crystal ball says.... [08:18 am] joeytsa : 50/50 chance of up or down close ;) [08:18 am] apple : haha, you are too good! [08:18 am] mikewd2 -: nice job doji [08:18 am] doji : I'll re-enter in a pullback [08:18 am] joeytsa : nicejob doji [08:18 am] doji : Thanks Apple, Joey [08:18 am] mikewd2 -: watching UVXY to reenter [08:19 am] joeytsa : interview with lagarde on cnbc [08:19 am] scalpman : VRTX, AREX watching [08:19 am] scalpman : EC [08:19 am] doji : Mitch "El Rey" [08:20 am] cdougan : yeah man, Connor Dougan [08:20 am] lisas : jsn13, you are in Richmond VA? [08:21 am] doji : The SPY in a very steady uptrend.... [08:21 am] jsn13 : as in Richmond, BC, Canada.... [08:21 am] lisas : oh, ok. [08:22 am] apple : there's lisa

11

[08:22 am] jsn13 : cdougan, are u the one with son as ur cover photo? [08:22 am] cdougan : yep [08:23 am] jsn13 : ok nice juz added u.... [08:23 am] joeytsa : cdoug...you are on facebook? [08:23 am] cdougan : yep add me. I need smart trader freinds. I have none. Connor Dougan [08:24 am] jsn13 : joey, add him to our group.... [08:24 am] joeytsa : no prob [08:24 am] scalpman : missed EC [08:24 am] joeytsa : friend req sent cdoug [08:24 am] doji : Joey, be nice and allow cdougan to get the annual membership please [08:24 am] joeytsa : :) [08:25 am] cdougan : got em. Thanks! [08:25 am] doji : We are collecting money for Ed's lippo and plastci cirgury in Rio de Janeiro... [08:26 am] cdougan : They do good work down there [08:26 am] scalpman : EC had increasing vol. will watch for bounce. [08:26 am] doji : Yes, not even his grandma will recognize Ed when he is back from Rio... 100% garatee [08:28 am] apple : almost 10 pts on ES since open [08:28 am] joeytsa : yeah, do you have a volume read on teh ES apple? [08:28 am] doji : Crazy prices during hollidays always [08:29 am] apple : 693,849 [08:29 am] doji : 750K [08:29 am] doji : ES Joey volume [08:30 am] joeytsa : thanks, idont have vol on my charts [08:30 am] doji : 697,856 Joey [08:30 am] mikewd2 -: UVXY L 8.00 [08:30 am] joeytsa : i know the SPY vol is very thin.... [08:30 am] apple : 700,450 [08:30 am] joeytsa : its so thin that my ethiopian landscaper even mentioned how thin it was :) [08:31 am] apple : now that is funny [08:31 am] doji : 704,267 [08:31 am] apple : 706,452 [08:32 am] doji : Open interest although is flat for the past two weeks [08:32 am] doji : on the ES [08:33 am] gregsemple2003 : sitting on hands [08:34 am] apple : NFLX nice move today [08:35 am] doji : GM hitting the 30D MA [08:35 am] doji : 20dMA sorry [08:37 am] apple : thx doji [08:38 am] mikewd2 -: wonder if we close over 13000? [08:40 am] apple : joey, what do you think? [08:40 am] doji : GM shrt 21.08... tichght stop [08:41 am] joeytsa : not sure [08:41 am] doji : Today Mike? [08:42 am] doji : Crude moved on Iran Jitters [08:42 am] apple : 50/50? [08:42 am] joeytsa : stop reading my crystal ball hhaha [08:42 am] doji : Die GM die [08:43 am] gregsemple2003 : lol [08:43 am] gregsemple2003 : are you short already? [08:44 am] apple : excellent entry doji [08:45 am] gregsemple2003 : nice, was waiting for second wave down [08:46 am] doji : It retracted from the 20dMA... fade breakout [08:46 am] eyes : Well See you on thursday to slow for me [08:47 am] Ed : c ya eyes [08:47 am] joeytsa : same here eyes..think im done in a few [08:47 am] doji : Bye "Ojitos" [08:47 am] scalpman : Out 1/2 GM S 1%

12

[08:47 am] lisas : same here, have a great 4th all! [08:47 am] Ed : c ya lisa [08:47 am] joeytsa : market closes in an hour or so anyways [08:47 am] khall : have a great 4th you guys [08:47 am] cdougan : have a great holiday. [08:48 am] eyes : 2 green days in a row small burt green [08:48 am] joeytsa : Hope everyone has a great day tomorrow...not expecting much vol thurs/fri either [08:48 am] doji : Nice "Ojitos" [08:48 am] scalpman : next target GM S .68 [08:48 am] joeytsa : Thanks Mitch,Ed, everyone [08:49 am] Ed : take care joey [08:49 am] doji : Bye Joey [08:49 am] apple : have a safe and fun 4th, joey [08:49 am] joeytsa : i will, thanks [08:49 am] cdougan : c ya Joey [08:50 am] doji : out 1/2 GM, trailing 2nd half [08:51 am] scalpman : out another 1/4 GM S [08:51 am] scalpman : Holding final piece at b.e. [08:52 am] doji : NFLX [08:52 am] apple : nice on UNH E [08:52 am] mikewd2 -: out hlf UVXY 8.22 [08:52 am] Ed : thx [08:53 am] doji : S SLB... [08:54 am] scalpman : trailing down stop on GM S [08:55 am] scalpman : GM testing support here... [08:57 am] scalpman : pusher 'er down, boys....no more cars (for now) [08:57 am] scalpman : stochs crossing over...on 1 minute chart (GM( [08:57 am] doji : It will drop Scalpy... I jus saw it on Joey's cristal ball [08:58 am] apple : just read france is requiring all drivers to equip their cars with 2 breath test kits [08:59 am] doji : Bad... now you cannot drive and drink wine.... very sad [08:59 am] scalpman : stop now .81 GM S [09:00 am] apple : designated drivers doji [09:00 am] scalpman : All out at .79 good call Mitch, Thanks [09:01 am] doji : I was referrring to the designated driver Apple... hahaha [09:01 am] cdougan : That's all for me. Habe a great holiday and see you Thursday. Thanks for the calls. [09:01 am] scalpman : All done for today....tiny red...because I messed up on FOSL... [09:01 am] apple : haha [09:02 am] apple : bye cd have fun [09:02 am] doji : Time to go also...have a nice July 4th fellas! [09:02 am] apple : bye scalp have a fun and safe 4th [09:02 am] apple : bye doji, fun on the beach [09:02 am] Ed : c ya cdougan,doji,scalp [09:02 am] scalpman : I kept futzing with my stop on FOSL and misread thinking more of short. [09:03 am] scalpman : Dumb mistakes...I have to leave the stop alone.... [09:03 am] apple : now you got it! [09:04 am] scalpman : See you all thursday...I'm working on those Gappers ED.... [09:05 am] scalpman : Scalpman has left the building [09:05 am] khall : bye scalp [09:05 am] Ed : good deal [09:09 am] doji : CLosing all LEN short [09:09 am] doji : Sorry guys, forgot that!.... hahahaha [09:10 am] gregsemple2003 : hm, KEG going down but with 4th coming shouldn't it be going up? [09:10 am] doji : My alarm jus trigerred!

13

[09:10 am] doji : Now, see ya on Thusday... [09:10 am] apple : right, greg, but BUD is still going up [09:10 am] gregsemple2003 : that makes my canadian heart sad [09:10 am] gregsemple2003 : MLSN long [09:13 am] jsn13 : greg r u from canada? [09:14 am] gregsemple2003 : yes, originally from toronto area [09:14 am] mikewd2 -: out other half UVXY 8.30 [09:14 am] gregsemple2003 : how bout you jsn? [09:14 am] jsn13 : studying in UBC, Vancouver, BC... [09:14 am] gregsemple2003 : oh nice, vancouver is one of my favorite cities [09:15 am] gregsemple2003 : i live in austin now, my job is video games [09:16 am] jsn13 : haha ya nice city to live.....oh nice....so u r trading part time? [09:17 am] gregsemple2003 : i like it... a bit hot but fun city... yeah i trade in the first hour in the morning, and watch the room while at work [09:17 am] gregsemple2003 : how long you been doing this? [09:19 am] jsn13 : a year and a half or so....trade in the 1st 3 hours and attend class after that.....now im taking summer course.... [09:19 am] jsn13 : graduating next year....bachelor of commerce... [09:21 am] gregsemple2003 : nice, yeah about six months for me trading... still on paper but starting to feel comfortable [09:21 am] gregsemple2003 : like i might not lose my shirt [09:22 am] gregsemple2003 : can i add you on FB? [09:22 am] jsn13 : great to start with that, but have to really feel dealing with real cash... [09:22 am] jsn13 : sure... [09:22 am] jsn13 : Jason Nieo [09:24 am] gregsemple2003 : added, hope that was you [09:25 am] mikewd2 -: shutten her down: 8/8 today, have a great 4th everyone. [09:25 am] Ed : nice going mike [09:25 am] khall : I'm out as well - stay safe everyone - thanks so much for the great calls and company today [09:25 am] apple : excellent job mike, something to celebrate. have a safe and fun 4th [09:26 am] Ed : c ya khall [09:26 am] jsn13 : have not seen the request yet....or can u give me your fb name? [09:26 am] apple : bye khall have a happy and safe 4th [09:26 am] gregsemple2003 : sure, Greg Semple [09:26 am] apple : haha, greg, what else would it be? [09:26 am] khall : thanks apple [09:27 am] gregsemple2003 : lol John Smith [09:28 am] apple : haha, right [09:29 am] jsn13 : hey greg juz accepted ur request...the request juz appeared.... [09:29 am] gregsemple2003 : cool, yep i sent a request to Connor too [09:29 am] gregsemple2003 : the Canadian Alliance, eh? [09:31 am] jsn13 : https://www.facebook.com/connor.dougan.3 [09:31 am] apple : lol [09:31 am] gregsemple2003 : ni shi zhong guo lai de ma [09:32 am] jsn13 : haha Malaysia.... [09:32 am] gregsemple2003 : ah nice [09:32 am] jsn13 : but we learned CHinese, English and Malaysia since primary school... [09:34 am] jsn13 : seems like cdougan is working in the gaming industry.... [09:34 am] gregsemple2003 : no way [09:36 am] jsn13 : u can talk to him on fb once he is online.... [09:38 am] gregsemple2003 : definitely will [09:41 am] murano : CHKP [09:41 am] apple : hey murano, thx

14

[09:55 am] rusty : Meredith Whitney downgrading JPM [09:56 am] apple : thx rusty [09:56 am] rusty : GS got stopped out of their market short yesterday [09:56 am] rusty : GS gives out two calls to mom and pop recently and both wrng [09:58 am] apple : hah [10:01 am] rusty : Have a good holiday everyone [10:01 am] rusty : Rip Andy Griffith [10:02 am] apple : thx MK, E and everyone. all have a happy and safe 4th. [10:04 am] gregsemple2003 : thanks mitch you too

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.

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).

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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.

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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.