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Trade Ideas: Follow up Jan 24th

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Last Tuesday's Trade-Ideas stock picks handily outperformed the market; a group average gain of 1.42% compared to stock gains of 2.43%. Only one stock, MECA, underperformed, with handy 3% gains (or more) on the week for IYM, HTLD, GGG, and IART. Trade Ideas

Trade Ideas: TECD

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Small handle-on-handle formation (support for the smaller 3-week handle can be found at $40). The larger handle holds support at $39; a confirmation of the $33.04/$33.80 double bottom from which resistance was set at $39. Projected target for the formation is $45 which is near November 2004 highs. Tech Data Corporation provides information technology products, logistics management, and other value-added services worldwide. It distributes microcomputer hardware and software products, including peripherals, systems, networking, and software to approximately 90,000 value-added resellers, corporate resellers, retailers, direct marketers, and Internet resellers. TECD Trade Ideas

Trade Ideas Follow up from Jan 23rd

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The Trade Ideas software did its job; strong performerances from FCX and RESC were countered by losses in SVU and VIP. The net average return of the eight stocks was lower than the market indices (2.09%), but this has been one of the rare times when the stock picks have underperformed the markets. Trade Ideas

The Cramer factor; December 1st - January 30th

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It is not hard to get an opinion on Jim Cramer. But it is hard to find how well his picks perform once the short term hype wears off. I will try to do a regular spot on the performance of Cramer's lightning round bull picks, but it should be known there are caveats; [1] When I come home from work I switch on the TV to be greeted by Jim frothing at the mouth over something (I usually have CNBC on in the morning for want of something better; sometimes the previous nights Daily Show fits the bill if I have missed it). (Un)Fortunately Jimbo's Mad Money show clashes with a Seinfeld rerun and the real Kramer is more enjoyable to watch. [2] Because of [1] and I am depending on the excellent Madd Money blog for the archived data. Unfortunately, I can't vouch for its accuracy - one of the stock symbols it had listed for Jim's December 1st show was incorrect and came up with an error, others may come up with totally unrelated stocks to the ones on the show [3] I am only going

Trade Ideas: WY

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Pushing a solid breakout of $69 resistance and sits a few cents shy of new multi-year highs ($71). The point-n-figure chart has registered a triple top breakout and looks set to drive higher. With stops on a loss of $67 this carries relatively low capital risk. The 2.9% dividend yield is a bonus. Weyerhaeuser Company principally engages in the growing and harvesting of timber, as well as in the manufacture, distribution, and sale of forest products principally in the United States and Canada. WY Trade Ideas

From: Fallondpicks.com

Friday's buying was the antidote to the previous Friday's selling but it was not all plain sailing; the S&P fell a few points short of reclaiming the prior's week losses, while the NASDAQ 100 has some work left to do. Running in the tech indices favor was the gap to new highs in the semiconductor index and solid gains in the NASDAQ . Volume dropped from Thursday's accumulation day, but it was above average - driven in part by short covering, and sideline money joining the buyer's fray. Last week belonged to the bulls, but next week could see the bears flex their wings. Why? Bearish divergences in the MACD trigger line (covering the last two months) exist in all markets except the Russell 2000 . Slow stochastics have dropped from overbought levels; a sign of weakening bullish strength in the tech markets [ NASDAQ and NASDAQ 100 ] and large caps [ Dow and S&P ]. The semiconductor index may have closed on a 'shooting star'; much will depend on wha

Trade Ideas: FT, RWF, CMZ, MAR, VSL, WRE, MHX, CSTR

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I hope to get a more detailed post up later. For now, these are the picks as drawn up by Trade Ideas.

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