NewStock Watch List

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Here are some of the stocks that showed up on my buy scan. We may have seen the low but it is possible that we see one more sell-off to wash the weak hands. Currently I am doing intraday trades from the long side only. If S&P closes below 800, I'll stay on the sidelines.

If the market goes up from here these stocks should easily double. The holding period is at least 1 year (if profitable). Put these stocks on your watch list and when you see a pattern as described on the follwing link, you can buy. ALWAYS use stop losses. Stops should be somewhere between the low of the cup and low of the handle. This pattern is described in detail in William O Neil's book, "How to make money in stocks". You can probably get it from your local library or buy one...it is worth the money. If you are patient and wait for the right time you should do pretty good at the end.

If you find other stocks that have a similar pattern, please post it here.

http://www.chartpattern.com/cup_handle.html

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont

I won't have time to post everyday but will try to answer any questions on weekends.

Thanks for all the emails.

Happy Investing.

Scroll down for the list. Not sure why there is such a huge blank space.

Rank	Symbol	Company Name	Last Price
1	GHM	Graham Corp	12.98
2	AAPL	Apple Inc	123.9
3	ANR	Alpha Natural Resources Inc	19.7
4	GOOG	Google Inc	389.49
5	HXM	Desarrollaxdora Homex DR	21.86
6	HP	Helmerich & Payne Inc	32.76
7	NOV	National Oilwell Varco Inc	31.5
8	PCLN	Priceline.Com Inc	96.16
9	HANS	Hansen Natural Corp	39.89
10	NBL	Noble Energy Inc	60.69
11	CMI	Cummins Inc	33.38
12	DRQ	Dril-Quip Inc	34.1
13	BWLD	Buffalo Wild Wings Inc	41.84
14	SPAR	Spartan Motors Inc	6.93
15	HITT	Hittite Microwave Corp	37.07
16	VSEA	Varian Semiconductor Equipment Associates Inc	23.91
17	AMX	America Movil ADR Rep 20 Series L Ord Shs	33
18	ENG	ENGlobal Corp	6.19
19	MT	ArcelorMittal ADR	27.23
20	AMTD	TD Ameritrade Holding Corp	16
21	DNR	Denbury Resources Inc	16.48
22	OII	Oceaneering International Inc	43.94
23	DLB	Dolby Laboratories Inc	36.81
24	TNB	Thomas & Betts Corp	28.01
25	SNDA	Shanda Interactive Entertainment Ltd	48.03
26	SOHU	Sohu.com Inc	52.43
27	WAB	Wabtec Corp	38.12
28	GCO	Genesco Inc	21.76
29	FTI	FMC Technologies Inc	36.13
30	VMI	Valmont Industries Inc	62.2
31	NTES	Netease.com Inc	30.91
32	AIT	Applied Industrial Technologies Inc	22.09
33	WBD	Wimm-Bill-Dann OAO	44.31
34	WDC	Western Digital Corp	21.16
35	MCRS	Micros Systems Inc	20.61
36	CERN	Cerner Corp	47.42
37	GYMB	Gymboree Corp	33.43
38	RSTI	Rofin-Sinar Technologies Inc	19.29
39	BRY	Berry Petroleum Co	16.92
40	CNQ	Canadian Natural Resources Ltd	48.94
41	WIT	Wipro Ltd	9.12
42	CHRW	CH Robinson Worldwide Inc	53.35
43	BMI	Badger Meter Inc	37.69
44	CEO	CNOOC ADR representing 100 Class H Shares	115.55
45	BKE	Buckle Inc	35.2
46	LNN	Lindsay Corp	38.32
47	DAR	Darling International Inc	6.08
48	CTRN	Citi Trends Inc	23.77
49	MCHP	Microchip Technology Inc	22.25
50	SNX	SYNNEX Corp	19.39
51	ARO	Aeropostale Inc	32.89
52	TRAD	TradeStation Group Inc	7.79
53	SCHW	Charles Schwab Corp	17.84
54	NKE	NIKE Inc	54.73

Last edited: 25-Apr-09 04:01 PM

Last edited: 25-Apr-09 04:06 PM

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DukuLanthe

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Emini Bro Any Suggestions on TTM. Moving up everyday. I think its building resistance at 10.00.

inpeace

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Treasury Holds 'Awful' Auction: 10-Year Yield Hits 3.99%...this is a serious issue.....Those who are on the long side put tight stop loss.....

http://www.cnbc.com/id/31204061

Phiste

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SPNG lai ke bhayo
0.285 bata 0.075 in less than 1 hour

eminitrader

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Nothing new to write....just wanted to be the person with the 250th post.

cincinnati_boy

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Any thoughts on OMEX, REXX and SQNM.

Also, what is up with C....it's been dangling on the same spot for so long...will wash it off once it hits my break even point.

Happy weekend all....

eminitrader

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I still like REXX but I am not a crazy about the other three. I'll like to see a weekly close above 950 in S&P....where we are right now is very dangerous. 880 is a huge support. I do not have any positions and I suggested last week to decrease holdings especially if someone is buying on margin. I'll start buying more once we get to 880 or above 950. currently it's just intraday trading for me.

dipulata

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I am trying to open a/c in scottrade.just wanted to check if i can be a referral to someone who already has an a/c with them. so that we both get 3 free trades.

I know it's not a big deal for any trader. but i just wanted to check if anyone interested. pls email me if anyone interested

eminitrader

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I saw few other posts here asking about the recent losses that people have incurred. One thing to remember is that the market never goes up or down in a straight line. There are going to be corrections on the way. If you pick good stocks and time it right, you should be doing good. I had mentioned on my blog that 960 was going to be a major resistance and 880 be the support. I had told people to take some profits as we were approaching 960. Now we are close to support and it is good time to put some money here. Identify the stocks that you want to buy, identify their support and buy near support. If it closes below the support, get out and take your loss.

ATPG, PRGN and SUNH are my picks for the coming week. If you are buying C or AIG, you are gambling and not trading/investing.

mech

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My Picks for Tomorrow (July 13, 2009) minimum 5% return by Friday*

1. CDII @ 1.42 (Chinese) - Consulting & Materials

2. AKS @ 15.89 - AK Steel

3. CTRP @ 40.00 (Chinese) - Like Pricline of America

4. DGW @ 22.10 (Chinese) - New on Stock Market

Also wait & see

1. TGB (Currently @ 1.47) - Copper Industry

2. WMB (Currently @ 14.28) - Natural Gas

3. PRGN (Currently @ 3.40)- Dry Bulk Shipping

I have been reading posts of eminitrader for a long time. You can't go wrong with emini but it's your money. Make a wise decision

*Higly volatile, Based on Sentiments only. No stocks should be purchased based only on my prediction. Please conduct a thorough study before making any investment.

Last edited: 14-Jul-09 05:42 PM

crescent ,ky

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thank you mech .i ll invest some money in these stock. emini.. bro is awesome.. i m making some money in emini's pick but i havent seen him in sajha for a long time.

DukuLanthe

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ok how do you determine support and resistance, please anyone explain

Thanks.

ktmreality

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???

eminitrader

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Mech,

Nice calls on AKS and CTRP. Do you mind telling us what made you pick those? I can see that both of those were at the support.....but was there something else you were looking at?

mech

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Eminitrader,

As I mentioned, I just used market sentiment and basic technicals. The fundamentals of these companies are good. :) . Most of the stocks did well in past two days.

Folks, my watch List for tomorrow

FWLT (Foster Wheel) @ 19.75

TRMD @ 9.40 (extremely low volume)

LVS @ 7.14

FEED @ 5.30 (only if it stays above 5.33)

Last edited: 14-Jul-09 06:12 PM

smag

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mech, do you have any suggestion on penny stock (short term)?

hatterika

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when buying stocks, how do u set the price guys or do u buy at market rate. i recently opened a acct in first trade and it has options of limit, market, stop and stop limit, can somebody explain me what these really are?

eminitrader

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Hope you guys bought something/anything as S&P approached 880 on Thursday/Friday.

mech

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The prices of some of the stocks today

1. CDII @ 1.42 (Chinese) - Consulting & Materials - (Todays Closing Price - $1.53)

2. AKS @ 15.89 - AK Steel (Todays Closing Price - $18.70)

3. CTRP @ 40.00 (Chinese) - Like Pricline of America (Todays Closing Price - $45.73)

4. DGW @ 22.10 (Chinese) - New on Stock Market (Todays Closing Price - $24.05)