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  • 18 Stocks We would look to sell 0 comments
    Dec 29, 2009 10:54 AM | about stocks: ROST, ASEI, OSIS, ID, RTN, LLL, F, CREE, MED, TSTC, GMCR, SNDK, INFA, BH, TUP, GLD, TLEO, HSNI, AONEQ, VIT, WDC, TSRA, HOG, AIXG, BRF, NFLX, ABVT

    The market on Monday started the day off  in positive territory allowing many names to hit new highs. This lasted until the last couple of hours of trading where we rolled over and went negative.  The good news was within the last 1/2 hour the market was able to get some legs and head back above the intraday consolidation point.  The negative side of todays session was many of the stocks that ran to new highs intraday did not participate in this last 1/2 hour surge.  This lack of participation can be viewed as a negative sign for the market and a short term top for those stocks that fizzled late in the day.

    Running our screens tonight gave us quite a lengthy list of stocks to look to take profits on. We have had some beautiful runs and many of the stocks we nailed some quick moves on are slowing their acceleration to the upside.  Many are hitting up against old resistance levels, some have unsustainable moves, and luckily only a couple are breaking through support levels on heavy volume.

    Before we go over our list of stocks you should look to take  profits in tomorrow, we would like to focus on some of our strong, open positions. 

    Two in particular were TSTC, GMCR

    TSTC closed up nearly 8% today and GMCR was able to move higher by almost 7%.
    Here is the TSTC chart.

    GMCR

     

     Here is tonight's list of stock we would look to sell.

    Shorter term trader may look to sell the entire positions outright and longer term traders/investors may look to sell 1/2 position and move their stops up to breakeven.

    These stocks have all run like crazy to new highs and may be fizzling.

    F, CREE, MED, SNDK, INFA

    SNS was up as much as 50% and is still up 35% from our entry point. One should have already or should now be taking profits  in this highflier.  It is pausing and the short term pullback can be sharp.

    TUP is struggling right at the 50 day MA and needs to be watched very closely .

    GLD COULD HAVE ANOTHER LEG LOWER IF CAN'T GET ABOVE 50 DAY

    TLEO had a nice +9% quick move higher but is fizzling in the short term. Look to take  1/2 off

    HSNI could stall and consolidate.  Look to take 1/2 off

    AONE BE AGILE, TAKE PROFITS ALONG THE WAY DONT GET GREEDY.

    If haven't yet take 1/2 OFF VIT

     Would look to sell 1/2  WDC  which is up over 17% over the past few weeks

    TSRA is in trouble and would look to close position

    SNDK has blasted up 50% since December 1st, If have not already done so look to take 1/2 off or sell entire position

    HOG is done for now. Would close position unless shows signs of  life early Tuesday morning

    Would look to sell EJ

    AIXG would look to sell

    BRF did a great job of holding the 50 day moving average and may soon see higher prices. 

    NFLX has gotten back above it's 50 day MA  which is a very positive development but now  needs consolidation above that level.

    The fact our screens only gave us 2 stock setups for Tuesday December 29 makes us feel the market is due for a pullback over the near term

    If you are hungry for trade ideas we did have 2

    ABVT HIGH RISK TRADE with a move above 65.20

    ROST on a move above43.08

     For those interested in playing airport security stocks we would consider buying the following

    ASEI OSIS, ID, RTN, LLL

    Thanks,
    Brett Marsh
    www.betterstockentries.com
    brettm@betterstockentries.com

    Disclaimer:

     

    betterstockentries.com ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

    It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

    HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

    betterstockentries.com
     



    Disclosure: No positions
    Stocks: ROST, ASEI, OSIS, ID, RTN, LLL, F, CREE, MED, TSTC, GMCR, SNDK, INFA, BH, TUP, GLD, TLEO, HSNI, AONEQ, VIT, WDC, TSRA, HOG, AIXG, BRF, NFLX, ABVT
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