Our Best Stock Picks for January 24, 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.
With regard to Juniper Networks it was upgraded by three investment houses on January 23, 2014 and spiked higher on short covering. I am going to do a video on this because the thugs on Wall Street appear to have set yet another bull trap for the small investor. I will show you on a chart where you could have bought with them with a far better risk to reward entry point.
Extreme Overbought stocks we are looking to short:
Juniper Networks (JNPR)
Russell 2000 (IWM)
Live Deal Inc (LIVE)
Extreme Oversold stocks we are looking to buy:
Higher One Holdings (ONE)
Global X FTSE Colombia 20 ETF (GXG)
Fairway Group Holdings Corp. (FWM)
Check out my full length market calls from December 22 and
Sunday Market Pulse Check from 12/22/13
2014 Stock Market Prediction…. Correction! from 12/23/13
Best Trades ETF’s and Stocks We are looking to trade the ETF’s XLI, IWM and stocks such as Boeing (BA), …