Our Best Stock Picks for February 1, 2013 are either at extreme overbought or oversold levels on the stock charts. We use technical analysis to identify good swing trade opportunities with a disciplined buying or scaling in approach. Swing trading in a stock market correction is just as profitable as in a market in an uptrend.

Extreme Overbought Stocks that we are looking to sell short:
SILC
World Wide Wrestling (WWE)

Extreme Oversold stocks that we are looking to Buy:

Dollar Tree (DLTR)
HH Gregg (HGG)
Rent A Cener (RCII)
Core Labs (CBLI)
ADT Corp (ADT)
3-D Systems (DDD)
Market Vectors Gold Mining ETF (GDX)
Growlive (PHOT)