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9/30/2009 07:34:00 AM

Stock Trading Tips Of The Day - 9/30/2009

A bunch of interesting charts to trade today, most of them are buying on pullback options. Read my tutorials on stock trading strategy if you haven't to get a better foundation of my trading style. I'm a bit on the cautious side with regards to the market, I think there are many divergences showing on the S&P 500; while the weakness in oil, potential rebound in the US dollar and strength in bonds are signaling we should bring down our position sizes. The risk:reward for the next few weeks is just not too good. I'll limit my size to 10% of the portfolio or $10,000 per trade. This is the first day of our model trading portfolio. I'll do an update of how I did at the end of the trading day. Our trading candidates for today are APWR, AEM, AU, AMAT, CPL, FXI, NUE, TIE and VMC. Individual charts with analysis are posted below. Let's get it on...


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