Best Stock Picks January 4, 2014
We remain bearish on the stock market for the first quarter of 2014. The Russell 2000 or (IWM) remains at extreme overbought levels when performing technical analysis of the weekly stock chart. We are looking to sell short Fairpoint Communications (FRP) and the (IWM). We review the stock charts of Jet Blue (JBLU), Direxion Short Fund ETF (TZA). Pixleworks (PXLW). Nova Gold (NG), American Axle (AXL), Alpha Natural Resources (ANR) and US Natural Gas Fund (UNG).
This past week we booked swing trade profits on NG for 16% or $3,700, AXL for 1.8% or $480.00 and AER for a 1% swing trade profit of $480.00.