Thursday, December 14, 2006

Trade Ideas: JPG, JPZ, SCS, KMR, FSP, ITM, TE, EWZ

Other than the semiconductors (which are going a little pear shaped) it was another non-day for the markets. The Trade Ideas scan kept with recent momentum, selecting 8 stocks in 8 minutes. None of the 8 climbed over the 20 appearance mark.

Only Kinder Morgan (KMR) and Nuveen Equity Premium and Growth Fund (JPG) completed bullish crosses of their 50-day and 20-day MAs inside the last 2 months.

Trend traders will likely go for Kinder Morgan (KMR) or Teco Energy (TE). Cup-and-handle traders can look to one of the Nuveen funds (JPG or JPZ), or Franklin Street (FSP). Solid bases are taking shape in the Brazil iShares (EWZ) and Basic Materials iShares (IYM).

If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.