Wednesday, October 17, 2007

Swing Trade Update - Generating a Watchlist


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After looking around and watching how other traders are swing trading, it would seem that one good approach is to look at the hot sectors and from there, search for some good long candidates.

For example, here are some strong sectors with some interesting stocks within that sector:
Agricultural chemicals - MOS, TRA, CF, AGU, POT, MON
Shipping - EXM, DRYS, GNK
Technical Services - VSEC, JEC, KBR, SXC, WNG, URS

It is no coincidence that these are also amongst the favoured and top daytrading stocks in the past week or two. I don't have a specific plan with these particular stocks though, so I will be mainly watching them in the next week or so.

Of course, then there are those stocks that don't belong to a strong sector, but still looks interesting.

For example:

The the above 3 stocks, I will set alerts at the aforementioned levels, and after that, it becomes a waiting game.

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