Day Trading Strategies -pt1

Daily Stock Report for Monday Morning, April 12

, 2010 pt1

US stocks had little change today but had a bullish sentiment today and spent most of the day on the plus side. The indexes ended up fractional percentage.

The Volatility Index is returning towards its low and this is considered as the Fear Index.

The European Union finally made an agreement to provide financial aid to Greece and that helped drive the dollar, which made it easier for stocks to move up. US stocks were at 52 week highs but had very low volatility as some cautiousness was evident before the earnings season begins.

The aid package finally ends speculation over what the size and type of aid will be offered and this should end the fears of a country defaulting on their debt, at least for a while. We still do have the Portugal, Spain and now Italian situation to deal with, as far as market influences are concerned with.

We will see some of the big banks report earnings this week and that will be interesting as the government aid in the last year is taking effect with the profits, which is likely going to be excellent.

The forecasts for earnings is a 36% gain over last years 1st quarter earnings, which is a consecutive gain in quarter to quarter earnings. The theme that economic recovery is starting to take hold could be substantiated with good earnings to be announced the next 2 weeks.

We saw a buyout today, which mergers and acquisitions have been extremely infrequent in the past 9 months. Mirant, MIR, bought competitor RRI Energy.

We are still looking for stocks to continue a shallow uptrend with some volatility in this earnings season.

Scalp of the Day:

Not many good scalps today.

TIE, Titanium Metals moved up early on a buyout rumor and this short gave a potential profit of 2.7% around 945am eastern time Monday morning.

*These are the kind of trade ideas we will be giving in the Trading Room, which we are in beta testing right now. Put your email address and name on website page to be notified of actual launch date and info.

Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Use the stock table above as a model portfolio of ideas that look attractive at the time of the writing. Comments can be hypothetical in nature. Opinions expressed in these reports may change without prior notice. Disclaimer - Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

by: Mitch King

POST COMMENT

Day Trading Strategies -pt2 Trading Strategies -pt2 Trading Strategies -pt1 3 Strategies to Become a Master Mafia Wars Player 5 Mafia Wars Strategies That You Must Know How To Create A Successful Life Using 3 Proven Strategies SEO Strategies: Deep Demographic Profiling Part 2 Successful Day Trading Strategies Strategies To Help Improve Your Internal Communications seo company uses various tools and strategies San Jose Boutique Rooms Shouldn't Be Too Expensive Pay Attention To These Strategies On Ways To Grab Trading Strategies - Smart Investors Always Have A Plan Three Recruiting Strategies You Can Apply Today!