Stocks to Watch and Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Several Things....
This week is a bit busy for me so do not be surprised if my posting is not as frequent as other weeks. There are several things to keep an eye on. If we close at the HOD today, the DJIA will be in good shape to head higher as we have faced some resistance at the 13,200 level. If it can't close above this level, we may head down a bit to retest the area between 12,800-13,000. The NADSAQ needs to close above 2,550 in order to continue its short-term uptrend. If it faces resistance at that level, it may retest the 2,500 level. Likewise, the S&P also needs to close at levels near the HOD (which is slightly above its 200 day MA). Otherwise, it may run into some trouble and take another nasty dip. The Russell 2000 Index needs some more work in order to reclaim its 200 day MA. If it faces resistance and can't climb above the 200 day MA, it may be a good idea to initiate a short-term short position
in it.

As far as stocks are concerned, there are many stocks that have found support and pivot points off of their 200 day MA.

Some interesting stocks that are heating up the charts...


SVT

PLX- Avoid this stock if you are afraid of heights. This is undoubtedly a momentum play and a potential future high, tight flag candidate.

SHEN

VSEC (comeback?)

ACP

CCOI

VMW- Expect the stock to pullback a bit as it has had a quick run-up

SLI

ARTW

CVGW


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Submitted by My Ambitions as a Trader and Investor

IPO Hot Shots

When it comes to scathing-hot performance in the market, IPO's, recent issues and New American companies (IBD) are the way to go. New companies (less than a decade old) provide new and exciting technology as well as strong growth and sales. Some of the current bull markets most successful stocks are new issues such as a majority of the solar plays (JASO, LDK, YGE, FSLR, TSL, etc), RVBD, EDU, FCSX and so on. So which recent young guns are looking promising? Here are just a few of the exciting new comers...

COMV - Previously mentioned as a top pick, COMV continues to impress. Now is not the time to take profits as COMV still has more room to run. If you're late to the party, wait for a low volume pullback near the key moving averages.

COMV - 3 month chart



RRST- Another young stock that I previously mentioned.
RRST - 3 month chart



DDUP - A recent IPO that is begining to burn up the charts. A good buy for tommorow as well.



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