Monday, July 6, 2009

Stocks To Watch For The Week Of 07-06-09:

07-06
None

07-07
SHLM, ISCA & RT

07-08
AA, FDO & PBG

07-09
COMS, CHTT, CVX, HELE, LWSN & SGR

07-10
INFY & PGR

1. Stocks in RED - those of you that know the color coding already know that all stocks in RED are expected to swing nicely and provide MONSTER CALL / PUT OPTION PLAY opportunities - these are to be traded after earnings based on all technical signals (e.g. volume, MACD, Bollinger Bands, CCI, RSI, current trend, etc.).

2. Stocks in RED / BOLD and UNDERLINED - these are very good potential strangle / straddle candidates.

3. Stocks in YELLOW - these stocks will move based on the action on stocks in the same industry sector / segment - No YELLOW stocks this week.

GENERAL OPINION: We are not out of the woods yet from an economic perspective. Therefore, some of these stocks above may be impacted as follows:

AA - Things may just get worse for this stock as aluminum prices have gone down so much. But remember that nowadays, "less bad" is "good".
ISCA - Attendance to car racing will continue to go down based on our current economic conditions and the consumer simply saving cash vs. spending; thus, impacting ISCA negatively.
FDO - This stock may benefit as the general consumer continues to look for bargains.
CHTT & HELE - These two may get hit by poor consumer spending.

Enjoy trading!

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