The Street Is Buying These Stocks

Written by Ryan Mallory | 10 March 2010

Here's an update on the stock screen I first introduced a couple of months ago. By far one of my best screens in determining who is buying what on the street. Below you will find those stocks that are, among other variables that I use, 1) Gaining an increased amount of coverage by brokerage firms and analysts, and 2) Being upgraded on a regular basis. This is a good screen to show you where the big money is putting their capital at without you having to actually ask them. Pretty cool, eh? Take a look for yourself!

Here are the Stocks that Wall Street Is Buying.

Trading Ideas for March 10, 2010

Written by Ryan Mallory | 10 March 2010

Another morning of futures trading at break even levels and there isn't really a lot that is going to change that sentiment between now and the open, as the only report due out is the Wholesale Trade at 10am ET. So without any major news stories, we could see more choppiness just like yesterday.

I have also increased the stop-loss on UGI from 24.12 to to 24.22. Small change I know, but every penny counts.

Here are Today's Trading Ideas

Potential Swing Trade (Long): PowerShares US Dollar Index (UUP) - After a major run-up, the dollar has managed to consolidate near its highs, giving back very little of its gains. Also worth noting too is the disconnect or non-existent inverse relationship with the general market and the US Dollar. It used to be very bearish when the dollar went up, but now, the two seem to be working nearly independently of each other. Ideal stop-loss here is 23.23.

Click here to See the Rest of My Trading Ideas.

Chart Updates on the Market

Written by Ryan Mallory | 09 March 2010

Big news today for the Nasdaq as it was able to breakout to new highs by eclipsing the previous highs set in January, earlier this year. The S&P has yet to do that, but needs to do so, to confirm the legitimacy of the breakout in the Nasdaq. Because the market is so extremely overbought, I am a bit cautious about initiating any new positions than what I already have right now (currently I own BKS and UGI). The market is going to have to pull back some before I get interested in going long any time soon with new positions.

On an intraday basis, I definitely didn't like the end of day sell-off that we had today, and could be a sign that the bulls are getting nervous holding on to their current gains. Hopefull that is not the case, and any pullback that we see going forward, will be done on light volume and in a controlled manner. If that happens, I will definitely add a few more positions to the portfolio.

Here's the charts on the Nasdaq and S&P.

Stocks That Only Go Up

Written by Ryan Mallory | 08 March 2010

This here happens to be one of my favorite stock screens that I run, that's because the stocks below, represent some of the most technically sound companies being traded today. These stocks have managed to keep their uptrend intact despite market conditions that has been quite volatile of late, and when they do pull back from time to time, they are quick to recover.

As for the groupings below, tech seems to have the greatest representations followed by retail and then credit services. The two stocks that stick out the most to me is the Liberty Media Stocks (LCAPA) and (LSTZA). I have actually never heard of these stocks, but they are definitely worth keeping an eye on as they appear to be solid companies.

Click Here to See the Stocks That Only Go Up.

Trading Ideas for March 9, 2010

Written by Ryan Mallory | 09 March 2010

Good morning to you all, futures have an unusual negative bias this morning heading into the open. Ironically, today is the one-year anniversary of the market bottom that eventually led to one of the sharpest rebounds in market history. It would only be fitting if the market completely broke down today as a result.

Also worth mentioning is that I picked up two new long positions, (BKS) and (UGI), and remain less than 20% in equities right now. So I am sitting on a lot cash, and likely will continue in doing so if we don't get some kind of pullback here in the near future. I'll be raising my stop-loss in UGI to 24.14.

On the economic front we should have a relatively quiet day with only ICSC-Goldman Store Sales due out at 7:45am ET followed by the Redbook at 8:55am. Chicago Federal Reserve Bank President Charles Evans will speaking at a conference up in Virginia as well.

It will be interesting to see how quickly the bulls jump on this market today if we do indeed continue to trade in the red and gap down at the open.

Here are Today's Trading Ideas

Potential Swing Trade (Long): First American Corp (FAF) - This stock has been in a trading channel since September of last year, and has nicely pulled back to its 50-moving average, where it currently rests on support. Place your stop-loss at 31.44, but also have your target price set at 33.56 - an excellent risk-reward setup.

Click here to See the Rest of My Trading Ideas.